| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $498M | $489M | $349M | 1.9% | 42.7% |
| Op. Income | $62M | $79M | $117M | -20.6% | -46.7% |
| Gross Margin | 42.0% | 45.8% | 73.1% | -3.7pp | -31.1pp |
| Net Margin | 9.4% | 11.9% | 25.2% | -2.4pp | -15.7pp |
| EPS (Diluted) | $0.63 | $0.78 | $1.12 | -19.2% | -43.8% |
| Free Cash Flow | $170M | $282M | $262M | -39.7% | -35.0% |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $210M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $70M |
| Operating Expenses | $147M |
| Cost & Expenses | $436M |
| OPERATING INCOME | $62M |
| Interest Income | $471M |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $19M |
| EBIT | $62M |
| EBITDA | $81M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $210M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $70M |
| Operating Expenses | $147M |
| Cost & Expenses | $436M |
| OPERATING INCOME | $62M |
| Interest Income | $471M |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $19M |
| EBIT | $62M |
| EBITDA | $81M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $88M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $170M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$250M |
| Sales/Maturities of Investments | $469M |
| Other Investing Activities | $240M |
| NET CASH FROM INVESTING | $459M |
| Net Debt Issuance | -$810M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $292M |
| NET CASH FROM FINANCING | -$538M |
| FREE CASH FLOW | $170M |
| Net Change in Cash | $91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $8.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $460M |
| Goodwill | $78M |
| Intangible Assets | $0 |
| Long-Term Investments | $24.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $26.2B |
| TOTAL ASSETS | $35.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.1B |
| TOTAL CURRENT LIABILITIES | $26.1B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $873M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $32.9B |
| Common Stock | $744.0K |
| Additional Paid-In Capital | $280M |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$407M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $35.4B |
| Total Debt | $5.9B |
| Net Debt | $5.5B |
