| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $3.0B | 1.8% | 10.6% |
| Op. Income | $326M | $361M | -$51M | -9.7% | 739.2% |
| Gross Margin | 31.9% | 32.8% | 24.4% | -0.9pp | 7.6pp |
| Net Margin | 7.8% | 8.7% | -1.4% | -0.9pp | 9.2pp |
| EPS (Diluted) | $0.95 | $1.04 | $1.09 | -8.7% | -12.8% |
| Free Cash Flow | $804M | $478M | $721M | 68.2% | 11.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $730M |
| Operating Expenses | $730M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $326M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $16M |
| EBIT | $360M |
| EBITDA | $376M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $730M |
| Operating Expenses | $730M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $326M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $326M |
| Income Tax Expense | $68M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $16M |
| EBIT | $360M |
| EBITDA | $376M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $258M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $149M |
| Change in Working Capital | $414M |
| OPERATING CASH FLOW | $828M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$679M |
| Net Debt Issuance | $96M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$114M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $804M |
| Net Change in Cash | $127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $485M |
| Short-Term Investments | $3.1B |
| Net Receivables | $8.7B |
| Inventory | $0 |
| Other Current Assets | -$9.8B |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $257M |
| Goodwill | $145M |
| Intangible Assets | $0 |
| Long-Term Investments | $42.6B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | -$42.6B |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $62.0B |
| Account Payables | $0 |
| Short-Term Debt | $793M |
| Deferred Revenue | $4.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $4.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40.6B |
| TOTAL NON-CURRENT LIABILITIES | $47.9B |
| TOTAL LIABILITIES | $53.4B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.5B |
| Treasury Stock | -$95M |
| Accum. Other Comp. Income | -$3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $62.0B |
| Total Debt | $3.3B |
| Net Debt | $2.8B |
