| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $545M | $384M | 5.1% | 49.3% |
| Op. Income | $103M | $111M | $122M | -7.2% | -16.1% |
| Gross Margin | 51.8% | 55.0% | 82.5% | -3.2pp | -30.7pp |
| Net Margin | 14.5% | 16.0% | 25.1% | -1.5pp | -10.6pp |
| EPS (Diluted) | $0.53 | $0.56 | $0.62 | -5.4% | -14.5% |
| Free Cash Flow | $185M | $116M | $221M | 60.5% | -16.2% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $276M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $126M |
| SG&A Expenses | $133M |
| Other Expenses | $61M |
| Operating Expenses | $194M |
| Cost & Expenses | $470M |
| OPERATING INCOME | $103M |
| Interest Income | $509M |
| Interest Expense | $254M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $25M |
| EBIT | $103M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $276M |
| GROSS PROFIT | $297M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $126M |
| SG&A Expenses | $133M |
| Other Expenses | $61M |
| Operating Expenses | $194M |
| Cost & Expenses | $470M |
| OPERATING INCOME | $103M |
| Interest Income | $509M |
| Interest Expense | $254M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $25M |
| EBIT | $103M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $939.0K |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $199M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | -$387M |
| NET CASH FROM INVESTING | -$407M |
| Net Debt Issuance | $217M |
| Common Stock Repurchased | -$261.0K |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $109M |
| NET CASH FROM FINANCING | $291M |
| FREE CASH FLOW | $185M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $712M |
| Short-Term Investments | $3.5B |
| Net Receivables | $171M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $373M |
| Goodwill | $1.1B |
| Intangible Assets | $132M |
| Long-Term Investments | $34.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $37.3B |
| TOTAL ASSETS | $41.6B |
| Account Payables | $0 |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32.1B |
| TOTAL CURRENT LIABILITIES | $35.8B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $37.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.1B |
| Treasury Stock | -$515M |
| Accum. Other Comp. Income | -$339M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $41.6B |
| Total Debt | $4.7B |
| Net Debt | $4.0B |
