| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $323M | $236M | 2.5% | 40.4% |
| Op. Income | $93M | $103M | $130M | -9.9% | -28.9% |
| Gross Margin | 56.3% | 60.5% | 87.1% | -4.2pp | -30.8pp |
| Net Margin | 24.9% | 28.8% | 42.0% | -4.0pp | -17.1pp |
| EPS (Diluted) | $1.13 | $1.28 | $1.35 | -11.7% | -16.3% |
| Free Cash Flow | $106M | $90M | $188M | 18.2% | -43.3% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $186M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $43M |
| Other Expenses | $51M |
| Operating Expenses | $94M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $93M |
| Interest Income | $323M |
| Interest Expense | $138M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $4M |
| EBIT | $93M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $186M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $43M |
| Other Expenses | $51M |
| Operating Expenses | $94M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $93M |
| Interest Income | $323M |
| Interest Expense | $138M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $4M |
| EBIT | $93M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$671.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$304M |
| Sales/Maturities of Investments | $239M |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | -$800M |
| Common Stock Repurchased | $9.0K |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $539M |
| NET CASH FROM FINANCING | -$285M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | -$319M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $2.5B |
| Net Receivables | $91M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $122M |
| Goodwill | $376M |
| Intangible Assets | $5M |
| Long-Term Investments | $19.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $356M |
| TOTAL NON-CURRENT ASSETS | $20.1B |
| TOTAL ASSETS | $22.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.6B |
| TOTAL CURRENT LIABILITIES | $19.6B |
| Long-Term Debt | $157M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $381M |
| TOTAL NON-CURRENT LIABILITIES | $570M |
| TOTAL LIABILITIES | $20.2B |
| Common Stock | $913.0K |
| Additional Paid-In Capital | $986M |
| Retained Earnings | $2.4B |
| Treasury Stock | -$667M |
| Accum. Other Comp. Income | -$124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $22.8B |
| Total Debt | $189M |
| Net Debt | $44M |
