| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.2B | 3.5% | 28.3% |
| Op. Income | $603M | $530M | $417M | 13.7% | 44.4% |
| Gross Margin | 62.4% | 60.6% | 60.3% | 1.8pp | 2.1pp |
| Net Margin | 36.1% | 33.7% | 30.1% | 2.4pp | 6.0pp |
| EPS (Diluted) | $0.43 | $0.39 | $0.28 | 10.3% | 53.6% |
| Free Cash Flow | $688M | $423M | $124M | 62.8% | 456.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $567M |
| GROSS PROFIT | $942M |
| R&D Expenses | $212M |
| Selling & Marketing | $102M |
| General & Administrative | $25M |
| SG&A Expenses | $127M |
| Other Expenses | $0 |
| Operating Expenses | $340M |
| Cost & Expenses | $907M |
| OPERATING INCOME | $603M |
| Interest Income | $44M |
| Interest Expense | $0 |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $645M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $545M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $17M |
| EBIT | $603M |
| EBITDA | $620M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $567M |
| GROSS PROFIT | $942M |
| R&D Expenses | $212M |
| Selling & Marketing | $102M |
| General & Administrative | $25M |
| SG&A Expenses | $127M |
| Other Expenses | $0 |
| Operating Expenses | $340M |
| Cost & Expenses | $907M |
| OPERATING INCOME | $603M |
| Interest Income | $44M |
| Interest Expense | $0 |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $645M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $545M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $17M |
| EBIT | $603M |
| EBITDA | $620M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $545M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | -$87M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $144M |
| OPERATING CASH FLOW | $699M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$538M |
| Sales/Maturities of Investments | $328M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$226M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $688M |
| Net Change in Cash | $487M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $2.7B |
| Net Receivables | $833M |
| Inventory | $1.9B |
| Other Current Assets | $274M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $161M |
| Goodwill | $269M |
| Intangible Assets | $95M |
| Long-Term Investments | $62M |
| Tax Assets | $793M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $269M |
| Short-Term Debt | $0 |
| Deferred Revenue | $699M |
| Other Current Liabilities | $469M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $496M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $173M |
| TOTAL NON-CURRENT LIABILITIES | $717M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $4.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $48M |
| Net Debt | -$1.7B |
