| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $667M | $646M | $508M | 3.3% | 31.3% |
| Op. Income | $187M | $194M | $197M | -3.5% | -5.3% |
| Gross Margin | 72.0% | 74.1% | 89.6% | -2.2pp | -17.6pp |
| Net Margin | 23.3% | 25.1% | 33.4% | -1.8pp | -10.1pp |
| EPS (Diluted) | $2.37 | $2.46 | $2.59 | -3.7% | -8.5% |
| Free Cash Flow | $206M | $116M | $217M | 77.8% | -5.3% |
| Item | Amount |
|---|---|
| REVENUE | $667M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $480M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $170M |
| SG&A Expenses | $170M |
| Other Expenses | $123M |
| Operating Expenses | $293M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $187M |
| Interest Income | $561M |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $19M |
| EBIT | $187M |
| EBITDA | $206M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $667M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $480M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $170M |
| SG&A Expenses | $170M |
| Other Expenses | $123M |
| Operating Expenses | $293M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $187M |
| Interest Income | $561M |
| Interest Expense | $176M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $19M |
| EBIT | $187M |
| EBITDA | $206M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $156M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$558.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $239M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.8B |
| Sales/Maturities of Investments | $6.4B |
| Other Investing Activities | -$654M |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | $165M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$60M |
| Other Financing Activities | $292M |
| NET CASH FROM FINANCING | $384M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | $511M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $16.1B |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25.7B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $23.1B |
| TOTAL ASSETS | $48.7B |
| Account Payables | $784M |
| Short-Term Debt | $3.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41.0B |
| TOTAL CURRENT LIABILITIES | $45.5B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $223M |
| TOTAL LIABILITIES | $45.7B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.6B |
| Treasury Stock | -$38M |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $48.7B |
| Total Debt | $4.0B |
| Net Debt | -$3.6B |
