| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $296M | $260M | $262M | 13.8% | 13.1% |
| Op. Income | $209M | $209M | $211M | 0.1% | -0.7% |
| Gross Margin | 96.3% | 99.5% | 98.4% | -3.2pp | -2.0pp |
| Net Margin | 60.1% | 66.2% | 68.0% | -6.1pp | -7.9pp |
| EPS (Diluted) | $1.66 | $1.61 | $1.66 | 3.1% | 0.0% |
| Free Cash Flow | $194M | $167M | $172M | 16.0% | 13.0% |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $44M |
| Operating Expenses | $76M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $209M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $209M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $2M |
| EBIT | $217M |
| EBITDA | $219M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $44M |
| Operating Expenses | $76M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $209M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $209M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $2M |
| EBIT | $217M |
| EBITDA | $219M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $178M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $195M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$87M |
| Purchases of Investments | -$170M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$135M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $194M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $5.0B |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | -$5.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.1B |
| Account Payables | $0 |
| Short-Term Debt | $422M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$567M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $330M |
| Other Non-Current Liabilities | -$330M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$436M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $422M |
| Net Debt | $325M |
