| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $948M | $1.0B | — | -7.4% | — |
| Op. Income | $216M | $96M | — | 124.3% | — |
| Gross Margin | 55.4% | 40.1% | — | 15.3pp | — |
| Net Margin | 17.7% | 7.2% | — | 10.5pp | — |
| EPS (Diluted) | $1.46 | $0.64 | — | 128.1% | — |
| Free Cash Flow | $183M | $142M | — | 29.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $525M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $310M |
| Operating Expenses | $310M |
| Cost & Expenses | $732M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $67M |
| EBIT | $278M |
| EBITDA | $345M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $525M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $310M |
| Operating Expenses | $310M |
| Cost & Expenses | $732M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $67M |
| EBIT | $278M |
| EBITDA | $345M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$997M |
| Sales/Maturities of Investments | $612M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$393M |
| Net Debt Issuance | $167M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $119M |
| NET CASH FROM FINANCING | $232M |
| FREE CASH FLOW | $183M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $461M |
| Short-Term Investments | $20.3B |
| Net Receivables | $5.1B |
| Inventory | $0 |
| Other Current Assets | -$25.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$21.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$4.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $31.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $4.1B |
| Net Debt | $3.7B |
