| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336M | $304M | $185M | 10.5% | 81.4% |
| Op. Income | $115M | $117M | $87M | -2.2% | 31.8% |
| Gross Margin | 66.1% | 72.8% | 91.8% | -6.7pp | -25.7pp |
| Net Margin | 23.7% | 26.8% | 33.3% | -3.1pp | -9.6pp |
| EPS (Diluted) | $1.32 | $1.35 | $1.02 | -2.2% | 29.4% |
| Free Cash Flow | -$64M | $100M | $139M | -163.4% | -145.8% |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $64M |
| SG&A Expenses | $76M |
| Other Expenses | $32M |
| Operating Expenses | $108M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $115M |
| Interest Income | $307M |
| Interest Expense | $108M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $6M |
| EBIT | $115M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $64M |
| SG&A Expenses | $76M |
| Other Expenses | $32M |
| Operating Expenses | $108M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $115M |
| Interest Income | $307M |
| Interest Expense | $108M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $6M |
| EBIT | $115M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $624.0K |
| Other Investing Activities | -$361M |
| NET CASH FROM INVESTING | -$397M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | $552M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $280M |
| Net Receivables | $323M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $0 |
| Goodwill | $155M |
| Intangible Assets | $25M |
| Long-Term Investments | $15.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $831M |
| TOTAL NON-CURRENT ASSETS | $16.9B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $406M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.7B |
| TOTAL CURRENT LIABILITIES | $17.1B |
| Long-Term Debt | $424M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $369M |
| TOTAL NON-CURRENT LIABILITIES | $793M |
| TOTAL LIABILITIES | $17.9B |
| Common Stock | $694.0K |
| Additional Paid-In Capital | $473M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$272M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $424M |
| Net Debt | -$1.9B |
