| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $205M | $198M | $181M | 3.8% | 13.3% |
| Op. Income | $56M | $61M | $62M | -8.9% | -10.3% |
| Gross Margin | 84.1% | 88.3% | 94.2% | -4.2pp | -10.1pp |
| Net Margin | 21.5% | 24.4% | 26.9% | -2.9pp | -5.4pp |
| EPS (Diluted) | $0.82 | $0.89 | $0.90 | -7.9% | -8.9% |
| Free Cash Flow | $58M | $39M | $40M | 50.0% | 46.4% |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $172M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $71M |
| SG&A Expenses | $75M |
| Other Expenses | $41M |
| Operating Expenses | $117M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $56M |
| Interest Income | $138M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $172M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $71M |
| SG&A Expenses | $75M |
| Other Expenses | $41M |
| Operating Expenses | $117M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $56M |
| Interest Income | $138M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $185M |
| Other Investing Activities | -$285M |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | $834M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$514M |
| NET CASH FROM FINANCING | $291M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $233M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $456M |
| Short-Term Investments | $2.8B |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $175M |
| Goodwill | $845M |
| Intangible Assets | $56M |
| Long-Term Investments | $10.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $522M |
| TOTAL NON-CURRENT ASSETS | $12.1B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $154M |
| Short-Term Debt | $330M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.0B |
| TOTAL CURRENT LIABILITIES | $13.5B |
| Long-Term Debt | $317M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $317M |
| TOTAL LIABILITIES | $13.8B |
| Common Stock | $54M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$51M |
| Accum. Other Comp. Income | -$692M |
| Other Equity | $7M |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $647M |
| Net Debt | $191M |
