| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $596M | $589M | $578M | 1.3% | 3.2% |
| Op. Income | $226M | $221M | $221M | 2.1% | 2.2% |
| Gross Margin | 88.7% | 88.8% | 86.9% | -0.1pp | 1.9pp |
| Net Margin | 34.4% | 34.3% | 31.9% | 0.1pp | 2.5pp |
| EPS (Diluted) | $1.75 | $1.69 | $1.47 | 3.6% | 19.0% |
| Free Cash Flow | $216M | $187M | $236M | 15.4% | -8.4% |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $529M |
| R&D Expenses | $90M |
| Selling & Marketing | $183M |
| General & Administrative | $30M |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $303M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $226M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $10M |
| EBIT | $226M |
| EBITDA | $236M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $529M |
| R&D Expenses | $90M |
| Selling & Marketing | $183M |
| General & Administrative | $30M |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $303M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $226M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $205M |
| D&A | $10M |
| EBIT | $226M |
| EBITDA | $236M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $205M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$455M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$461M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $31M |
| NET CASH FROM FINANCING | -$294M |
| FREE CASH FLOW | $216M |
| Net Change in Cash | -$527M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $1.2B |
| Net Receivables | $355M |
| Inventory | $0 |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $82M |
| Goodwill | $0 |
| Intangible Assets | $1.8B |
| Long-Term Investments | $1.5B |
| Tax Assets | $64M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $475M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $463M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $434M |
| TOTAL NON-CURRENT LIABILITIES | $896M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $12.9B |
| Treasury Stock | -$12.7B |
| Accum. Other Comp. Income | -$84M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $0 |
| Net Debt | -$294M |
