| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $966M | $918M | $1.0B | 5.3% | -7.6% |
| Op. Income | $182M | $195M | $490M | -6.3% | -62.8% |
| Gross Margin | 63.2% | 67.4% | 89.4% | -4.2pp | -26.2pp |
| Net Margin | 14.1% | 16.5% | 40.4% | -2.3pp | -26.3pp |
| EPS (Diluted) | $1.90 | $2.10 | $5.70 | -9.5% | -66.7% |
| Free Cash Flow | $73M | $149M | $294M | -50.7% | -75.0% |
| Item | Amount |
|---|---|
| REVENUE | $966M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $611M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $202M |
| SG&A Expenses | $225M |
| Other Expenses | $203M |
| Operating Expenses | $428M |
| Cost & Expenses | $784M |
| OPERATING INCOME | $182M |
| Interest Income | $845M |
| Interest Expense | $311M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $16M |
| EBIT | $182M |
| EBITDA | $198M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $966M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $611M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $202M |
| SG&A Expenses | $225M |
| Other Expenses | $203M |
| Operating Expenses | $428M |
| Cost & Expenses | $784M |
| OPERATING INCOME | $182M |
| Interest Income | $845M |
| Interest Expense | $311M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $16M |
| EBIT | $182M |
| EBITDA | $198M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $5.2B |
| Other Investing Activities | -$944M |
| NET CASH FROM INVESTING | $975M |
| Net Debt Issuance | -$301M |
| Common Stock Repurchased | -$50.0K |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$699M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $17.1B |
| Net Receivables | $2.3B |
| Inventory | $0 |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $26.5B |
| PP&E (Net) | $670M |
| Goodwill | $804M |
| Intangible Assets | $129M |
| Long-Term Investments | $40.4B |
| Tax Assets | $896M |
| Other Non-Current Assets | $400M |
| TOTAL NON-CURRENT ASSETS | $43.3B |
| TOTAL ASSETS | $69.7B |
| Account Payables | $147M |
| Short-Term Debt | $101M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63.3B |
| TOTAL CURRENT LIABILITIES | $63.9B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $231M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $65.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.2B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | $2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $69.7B |
| Total Debt | $1.3B |
| Net Debt | -$5.7B |
