| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.7B | $1.9B | 18.4% | 7.7% |
| Op. Income | $2.1B | $1.7B | $1.9B | 18.4% | 7.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 8.6% | 11.4% | 8.6% | -2.9pp | -0.0pp |
| EPS (Diluted) | $2.09 | $2.35 | $1.93 | -11.1% | 8.3% |
| Free Cash Flow | $689M | $95M | $515M | 625.3% | 33.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $2.1B |
| Interest Income | $19M |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.9B |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $2.1B |
| Interest Income | $19M |
| Interest Expense | $19M |
| Other Income/Expenses | -$1.9B |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $177M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$47M |
| Other Non-Cash Items | $64M |
| Change in Working Capital | $476M |
| OPERATING CASH FLOW | $696M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$208M |
| Purchases of Investments | -$945M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $91M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$86M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$419M |
| NET CASH FROM FINANCING | -$554M |
| FREE CASH FLOW | $689M |
| Net Change in Cash | $233M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3.9B |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $167M |
| Goodwill | $305M |
| Intangible Assets | $541M |
| Long-Term Investments | $1.8B |
| Tax Assets | $9.7B |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $20.1B |
| TOTAL ASSETS | $25.2B |
| Account Payables | $1.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.5B |
| TOTAL CURRENT LIABILITIES | $9.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.7B |
| TOTAL NON-CURRENT LIABILITIES | $11.3B |
| TOTAL LIABILITIES | $21.2B |
| Common Stock | $84M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$570M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $25.2B |
| Total Debt | $1.7B |
| Net Debt | $442M |
