| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $751M | $319M | $264M | 135.5% | 184.0% |
| Op. Income | $214M | -$230M | -$258M | 193.1% | 182.9% |
| Gross Margin | 88.8% | 73.2% | 84.4% | 15.5pp | 4.3pp |
| Net Margin | 19.7% | -86.6% | -153.6% | 106.3pp | 173.3pp |
| EPS (Diluted) | $1.15 | $-2.21 | $-3.32 | 152.0% | 134.6% |
| Free Cash Flow | $342M | -$75M | -$132M | 557.0% | 359.7% |
| Item | Amount |
|---|---|
| REVENUE | $751M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $666M |
| R&D Expenses | $253M |
| Selling & Marketing | $0 |
| General & Administrative | $199M |
| SG&A Expenses | $199M |
| Other Expenses | $0 |
| Operating Expenses | $452M |
| Cost & Expenses | $537M |
| OPERATING INCOME | $214M |
| Interest Income | $25M |
| Interest Expense | $31M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $13M |
| EBIT | $182M |
| EBITDA | $195M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $751M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $666M |
| R&D Expenses | $253M |
| Selling & Marketing | $0 |
| General & Administrative | $199M |
| SG&A Expenses | $199M |
| Other Expenses | $0 |
| Operating Expenses | $452M |
| Cost & Expenses | $537M |
| OPERATING INCOME | $214M |
| Interest Income | $25M |
| Interest Expense | $31M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $13M |
| EBIT | $182M |
| EBITDA | $195M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $59M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $359M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$421M |
| Sales/Maturities of Investments | $432M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | $342M |
| Net Change in Cash | $375M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.4B |
| Net Receivables | $325M |
| Inventory | $96M |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $729M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $854M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $74M |
| Short-Term Debt | $0 |
| Deferred Revenue | $77M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $950M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $196M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | -$6.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$166M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$166M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.3B |
| Net Debt | $276M |
