| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $2.5B | $2.9B | 36.8% | 17.8% |
| Op. Income | $1.5B | $523M | $1.2B | 186.0% | 24.4% |
| Gross Margin | 86.5% | 82.6% | 86.1% | 3.9pp | 0.4pp |
| Net Margin | 128.8% | 26.2% | 42.1% | 102.6pp | 86.7pp |
| EPS (Diluted) | $6.63 | $0.98 | $1.79 | 576.5% | 270.4% |
| Free Cash Flow | $1.3B | $900M | $960M | 45.6% | 36.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $459M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $419M |
| Selling & Marketing | $403M |
| General & Administrative | $304M |
| SG&A Expenses | $707M |
| Other Expenses | $316M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.5B |
| Interest Income | $192M |
| Interest Expense | $6M |
| Other Income/Expenses | $183M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | -$2.7B |
| Net Income from Continuing Ops | $4.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $4.4B |
| D&A | $8M |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $459M |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $419M |
| Selling & Marketing | $403M |
| General & Administrative | $304M |
| SG&A Expenses | $707M |
| Other Expenses | $316M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.5B |
| Interest Income | $192M |
| Interest Expense | $6M |
| Other Income/Expenses | $183M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | -$2.7B |
| Net Income from Continuing Ops | $4.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $4.4B |
| D&A | $8M |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $4.4B |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $286M |
| Deferred Income Tax | -$2.8B |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$592M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $349M |
| Purchases of Investments | -$674M |
| Sales/Maturities of Investments | $325M |
| Other Investing Activities | -$349M |
| NET CASH FROM INVESTING | -$364M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.2B |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$2.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $2.8B |
| Net Receivables | $6.2B |
| Inventory | $0 |
| Other Current Assets | $369M |
| TOTAL CURRENT ASSETS | $17.5B |
| PP&E (Net) | $270M |
| Goodwill | $0 |
| Intangible Assets | $676M |
| Long-Term Investments | $0 |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $195M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $21.4B |
| Account Payables | $163M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $704M |
| TOTAL CURRENT LIABILITIES | $9.8B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $240M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $12.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.5B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $21.4B |
| Total Debt | $2.3B |
| Net Debt | -$5.9B |
