| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $253M | $195M | 7.9% | 39.8% |
| Op. Income | $66M | $65M | $70M | 1.5% | -6.3% |
| Gross Margin | 63.3% | 66.7% | 86.2% | -3.4pp | -23.0pp |
| Net Margin | 19.8% | 21.8% | 29.8% | -2.1pp | -10.0pp |
| EPS (Diluted) | $0.68 | $0.70 | $0.74 | -2.9% | -8.1% |
| Free Cash Flow | $89M | $71M | $127M | 24.6% | -29.9% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $62M |
| SG&A Expenses | $64M |
| Other Expenses | $43M |
| Operating Expenses | $107M |
| Cost & Expenses | $207M |
| OPERATING INCOME | $66M |
| Interest Income | $247M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $9M |
| EBIT | $66M |
| EBITDA | $74M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $62M |
| SG&A Expenses | $64M |
| Other Expenses | $43M |
| Operating Expenses | $107M |
| Cost & Expenses | $207M |
| OPERATING INCOME | $66M |
| Interest Income | $247M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $9M |
| EBIT | $66M |
| EBITDA | $74M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$609.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$304M |
| Sales/Maturities of Investments | $307M |
| Other Investing Activities | -$171M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $374M |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $393M |
| Short-Term Investments | $2.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $95M |
| Goodwill | $925M |
| Intangible Assets | $21M |
| Long-Term Investments | $16.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.3B |
| TOTAL ASSETS | $20.7B |
| Account Payables | $0 |
| Short-Term Debt | $630M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.8B |
| TOTAL CURRENT LIABILITIES | $17.4B |
| Long-Term Debt | $391M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $540M |
| TOTAL NON-CURRENT LIABILITIES | $931M |
| TOTAL LIABILITIES | $18.3B |
| Common Stock | $99M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $988M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$478M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $20.7B |
| Total Debt | $1.0B |
| Net Debt | $627M |
