| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $876M | $1.2B | 53.7% | 13.3% |
| Op. Income | $363M | $128M | $293M | 183.7% | 23.6% |
| Gross Margin | 53.0% | 48.2% | 52.3% | 4.8pp | 0.6pp |
| Net Margin | 20.7% | 11.6% | 19.6% | 9.1pp | 1.1pp |
| EPS (Diluted) | $1.75 | $0.63 | $1.40 | 175.8% | 24.5% |
| Free Cash Flow | $683M | -$220M | $385M | 410.8% | 77.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $713M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $350M |
| Other Expenses | $0 |
| Operating Expenses | $350M |
| Cost & Expenses | $983M |
| OPERATING INCOME | $363M |
| Interest Income | $4M |
| Interest Expense | $1M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $365M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $12M |
| EBIT | $366M |
| EBITDA | $379M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $713M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $350M |
| Other Expenses | $0 |
| Operating Expenses | $350M |
| Cost & Expenses | $983M |
| OPERATING INCOME | $363M |
| Interest Income | $4M |
| Interest Expense | $1M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $365M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $279M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $12M |
| EBIT | $366M |
| EBITDA | $379M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $279M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $416M |
| OPERATING CASH FLOW | $715M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $6.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $683M |
| Net Change in Cash | $639M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $356M |
| Inventory | $723M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $409M |
| Goodwill | $14M |
| Intangible Assets | $38M |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $566M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $487M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $815M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $225M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $264.0K |
| Additional Paid-In Capital | $226M |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $200M |
| Net Debt | -$857M |
