| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.9B | $3.0B | 2.0% | 33.8% |
| Op. Income | $228M | $403M | $417M | -43.4% | -45.3% |
| Gross Margin | 41.4% | 46.6% | 58.7% | -5.2pp | -17.3pp |
| Net Margin | 7.4% | 8.3% | 9.9% | -1.0pp | -2.6pp |
| EPS (Diluted) | $0.88 | $0.99 | $0.88 | -11.1% | 0.0% |
| Free Cash Flow | $987M | $828M | $561M | 19.2% | 75.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $74M |
| General & Administrative | $730M |
| SG&A Expenses | $804M |
| Other Expenses | $632M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $228M |
| Interest Income | $3.6B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | -$68M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $269M |
| D&A | $310M |
| EBIT | $228M |
| EBITDA | $538M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $74M |
| General & Administrative | $730M |
| SG&A Expenses | $804M |
| Other Expenses | $632M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $228M |
| Interest Income | $3.6B |
| Interest Expense | $1.9B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | -$68M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $269M |
| D&A | $310M |
| EBIT | $228M |
| EBITDA | $538M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $310M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $582M |
| Change in Working Capital | $472M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$673M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$264M |
| Sales/Maturities of Investments | $796M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $153M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$90M |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $987M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.5B |
| Short-Term Investments | $22.4B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.0B |
| PP&E (Net) | $11.0B |
| Goodwill | $822M |
| Intangible Assets | $79M |
| Long-Term Investments | $145.4B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $163.7B |
| TOTAL ASSETS | $195.7B |
| Account Payables | $1.9B |
| Short-Term Debt | $8.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $152.8B |
| TOTAL CURRENT LIABILITIES | $163.1B |
| Long-Term Debt | $14.1B |
| Deferred Revenue NC | $161M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $19.7B |
| TOTAL LIABILITIES | $182.9B |
| Common Stock | $21.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $197M |
| Treasury Stock | -$6.9B |
| Accum. Other Comp. Income | -$4.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $195.7B |
| Total Debt | $22.6B |
| Net Debt | $14.1B |
