| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $660M | $489M | $249M | 35.0% | 165.1% |
| Op. Income | $503M | $337M | $118M | 49.3% | 326.3% |
| Gross Margin | 80.0% | 73.8% | 57.8% | 6.2pp | 22.2pp |
| Net Margin | 75.8% | 67.7% | 41.8% | 8.1pp | 34.0pp |
| EPS (Diluted) | $0.87 | $0.59 | $0.21 | 47.5% | 314.3% |
| Free Cash Flow | $280M | $184M | $262M | 52.2% | 6.9% |
| Item | Amount |
|---|---|
| REVENUE | $660M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $528M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $13M |
| Operating Expenses | $25M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $503M |
| Interest Income | $495M |
| Interest Expense | $132M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $503M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $500M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $500M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $504M |
| D&A | $0 |
| EBIT | $503M |
| EBITDA | $503M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $660M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $528M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $13M |
| Operating Expenses | $25M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $503M |
| Interest Income | $495M |
| Interest Expense | $132M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $503M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $500M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $500M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $504M |
| D&A | $0 |
| EBIT | $503M |
| EBITDA | $503M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $500M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$278M |
| Change in Working Capital | $58M |
| OPERATING CASH FLOW | $280M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$234M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$254M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $106M |
| FREE CASH FLOW | $280M |
| Net Change in Cash | $152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $527M |
| Short-Term Investments | $0 |
| Net Receivables | $259M |
| Inventory | $0 |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $864M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $114M |
| TOTAL NON-CURRENT ASSETS | $22.1B |
| TOTAL ASSETS | $22.9B |
| Account Payables | $98M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $469M |
| Long-Term Debt | $11.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $11.6B |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $10.5B |
| Retained Earnings | $309M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $22.9B |
| Total Debt | $11.6B |
| Net Debt | $11.1B |
