| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $864M | $750M | $713M | 15.2% | 21.2% |
| Op. Income | $186M | $131M | $49M | 41.9% | 278.2% |
| Gross Margin | 69.3% | 65.5% | 57.8% | 3.8pp | 11.5pp |
| Net Margin | 12.6% | 10.7% | 3.3% | 1.9pp | 9.2pp |
| EPS (Diluted) | $0.30 | $0.22 | $0.06 | 36.4% | 380.0% |
| Free Cash Flow | $186M | $226M | $172M | -17.9% | 7.7% |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $265M |
| GROSS PROFIT | $599M |
| R&D Expenses | $159M |
| Selling & Marketing | $212M |
| General & Administrative | $41M |
| SG&A Expenses | $254M |
| Other Expenses | $0 |
| Operating Expenses | $413M |
| Cost & Expenses | $678M |
| OPERATING INCOME | $186M |
| Interest Income | $1M |
| Interest Expense | $79M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $586.0K |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $770.0K |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $122M |
| EBIT | $188M |
| EBITDA | $310M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $265M |
| GROSS PROFIT | $599M |
| R&D Expenses | $159M |
| Selling & Marketing | $212M |
| General & Administrative | $41M |
| SG&A Expenses | $254M |
| Other Expenses | $0 |
| Operating Expenses | $413M |
| Cost & Expenses | $678M |
| OPERATING INCOME | $186M |
| Interest Income | $1M |
| Interest Expense | $79M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $586.0K |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $109M |
| Net Income Deductions | $770.0K |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $122M |
| EBIT | $188M |
| EBITDA | $310M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $109M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $111M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | $199M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$100.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$79M |
| Common Stock Repurchased | -$581M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64M |
| NET CASH FROM FINANCING | -$724M |
| FREE CASH FLOW | $186M |
| Net Change in Cash | -$544M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $332M |
| Short-Term Investments | $0 |
| Net Receivables | $849M |
| Inventory | $0 |
| Other Current Assets | $119M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $155M |
| Goodwill | $1.8B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $349M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $281M |
| Short-Term Debt | $215M |
| Deferred Revenue | $78M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $805M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $145M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$985M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$94M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $3.2B |
| Net Debt | $2.9B |
