| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $473M | $473M | $458M | 0.0% | 3.3% |
| Op. Income | $0 | $23M | $120M | -100.0% | -100.0% |
| Gross Margin | 67.5% | 67.7% | 73.4% | -0.2pp | -5.9pp |
| Net Margin | 15.0% | 4.7% | 19.0% | 10.3pp | -4.0pp |
| EPS (Diluted) | $5.43 | $1.69 | $6.49 | 221.3% | -16.3% |
| Free Cash Flow | $314M | $281M | $325M | 11.5% | -3.7% |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $319M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $21M |
| SG&A Expenses | $44M |
| Other Expenses | $275M |
| Operating Expenses | $319M |
| Cost & Expenses | $473M |
| OPERATING INCOME | $0 |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $97M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $7M |
| EBIT | $91M |
| EBITDA | $98M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $185M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $313M |
| Capital Expenditure | $100.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$364M |
| NET CASH FROM INVESTING | -$360M |
| Net Debt Issuance | $194M |
| Common Stock Repurchased | -$126M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | $314M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $438M |
| Short-Term Investments | $8M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | -$460M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$47M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.4B |
| Account Payables | $0 |
| Short-Term Debt | $338M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $294M |
| TOTAL CURRENT LIABILITIES | $632M |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $462M |
| Other Non-Current Liabilities | -$5.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $271M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $4.9B |
| Net Debt | $4.5B |
