| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.1B | — | 6.4% | — |
| Op. Income | $682M | $645M | — | 5.7% | — |
| Gross Margin | 32.5% | 33.7% | — | -1.2pp | — |
| Net Margin | 22.0% | 21.7% | — | 0.3pp | — |
| EPS (Diluted) | $1.88 | $1.75 | — | 7.4% | — |
| Free Cash Flow | $2.0B | $1.1B | — | 72.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $369M |
| Operating Expenses | $389M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $682M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $795M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $723M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $723M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $713M |
| D&A | $24M |
| EBIT | $775M |
| EBITDA | $799M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $369M |
| Operating Expenses | $389M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $682M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $113M |
| INCOME BEFORE TAX | $795M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $723M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $723M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $713M |
| D&A | $24M |
| EBIT | $775M |
| EBITDA | $799M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $723M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $202M |
| Change in Working Capital | $1.0B |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $859M |
| Short-Term Investments | $6.8B |
| Net Receivables | $13.6B |
| Inventory | $0 |
| Other Current Assets | -$23.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $739M |
| Long-Term Investments | $31.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$31.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $55.2B |
| Account Payables | $4.0B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $40.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $18.0B |
| Treasury Stock | -$4.4B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.2B |
| Minority Interest | $2M |
| TOTAL EQUITY | $15.2B |
| TOTAL LIABILITIES & EQUITY | $55.2B |
| Total Debt | $2.7B |
| Net Debt | $1.9B |
