| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.5B | 1.6% | 8.9% |
| Op. Income | $229M | $204M | $9M | 12.0% | 2529.9% |
| Gross Margin | 76.8% | 76.8% | 73.7% | -0.1pp | 3.1pp |
| Net Margin | 6.9% | 5.7% | 0.3% | 1.1pp | 6.6pp |
| EPS (Diluted) | $3.54 | $2.90 | $0.14 | 22.1% | 2428.6% |
| Free Cash Flow | $280M | $136M | $601M | 106.0% | -53.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $645M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.9B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $229M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $46M |
| EBIT | $256M |
| EBITDA | $302M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $645M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.9B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $229M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $190M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $190M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $46M |
| EBIT | $256M |
| EBITDA | $302M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $190M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$46M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $72M |
| OPERATING CASH FLOW | $331M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | -$570M |
| Sales/Maturities of Investments | $484M |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | $280M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $6.8B |
| Net Receivables | $9.1B |
| Inventory | $0 |
| Other Current Assets | -$17.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $664M |
| Goodwill | $2.6B |
| Intangible Assets | $715M |
| Long-Term Investments | $7.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.2B |
| Account Payables | $2.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $28.7B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$123M |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $33.2B |
| Total Debt | $2.1B |
| Net Debt | $655M |
