| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | $499M | $456M | 10.4% | 20.9% |
| Op. Income | $104M | $112M | $99M | -7.0% | 5.3% |
| Gross Margin | 49.1% | 50.8% | 57.7% | -1.7pp | -8.6pp |
| Net Margin | 7.5% | 9.6% | 11.3% | -2.2pp | -3.8pp |
| EPS (Diluted) | $1.29 | $1.50 | $1.57 | -14.0% | -17.8% |
| Free Cash Flow | $258M | $289M | $223M | -10.6% | 16.1% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $117M |
| General & Administrative | $38M |
| SG&A Expenses | $154M |
| Other Expenses | $13M |
| Operating Expenses | $167M |
| Cost & Expenses | $448M |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $10M |
| EBIT | $55M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $117M |
| General & Administrative | $38M |
| SG&A Expenses | $154M |
| Other Expenses | $13M |
| Operating Expenses | $167M |
| Cost & Expenses | $448M |
| OPERATING INCOME | $104M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $10M |
| EBIT | $55M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $232M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$432M |
| NET CASH FROM INVESTING | -$445M |
| Net Debt Issuance | $147M |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $109M |
| FREE CASH FLOW | $258M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $0 |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $120M |
| Goodwill | $279M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $461M |
| TOTAL ASSETS | $4.1B |
| Account Payables | $275M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $97M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $274M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$459M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
