| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $508M | $405M | $345M | 25.6% | 47.1% |
| Op. Income | $197M | $140M | $121M | 41.3% | 62.8% |
| Gross Margin | 89.6% | 95.5% | 98.2% | -5.8pp | -8.6pp |
| Net Margin | 33.4% | 29.4% | 31.3% | 4.0pp | 2.1pp |
| EPS (Diluted) | $2.59 | $1.81 | $1.65 | 43.1% | 57.0% |
| Free Cash Flow | $217M | -$53M | $195M | 506.7% | 11.4% |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $455M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $153M |
| SG&A Expenses | $153M |
| Other Expenses | $105M |
| Operating Expenses | $258M |
| Cost & Expenses | $311M |
| OPERATING INCOME | $197M |
| Interest Income | $408M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $197M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $18M |
| EBIT | $197M |
| EBITDA | $215M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $455M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $153M |
| SG&A Expenses | $153M |
| Other Expenses | $105M |
| Operating Expenses | $258M |
| Cost & Expenses | $311M |
| OPERATING INCOME | $197M |
| Interest Income | $408M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $197M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $18M |
| EBIT | $197M |
| EBITDA | $215M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$974.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $245M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$212M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $401M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $964M |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $217M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.5B |
| Short-Term Investments | $17.4B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $655M |
| Intangible Assets | $486.0K |
| Long-Term Investments | $18.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $319M |
| TOTAL NON-CURRENT ASSETS | $20.9B |
| TOTAL ASSETS | $52.9B |
| Account Payables | $1.2B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46.6B |
| TOTAL CURRENT LIABILITIES | $49.9B |
| Long-Term Debt | $222M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $222M |
| TOTAL LIABILITIES | $50.1B |
| Common Stock | $642.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.2B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $52.9B |
| Total Debt | $2.3B |
| Net Debt | -$11.2B |
