| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365M | $361M | $310M | 0.9% | 17.8% |
| Op. Income | $95M | $87M | $108M | 9.0% | -12.4% |
| Gross Margin | 70.2% | 69.4% | 90.9% | 0.8pp | -20.7pp |
| Net Margin | 19.9% | 18.5% | 27.7% | 1.4pp | -7.7pp |
| EPS (Diluted) | $0.70 | $0.65 | $0.80 | 7.7% | -12.5% |
| Free Cash Flow | $123M | $166M | $158M | -25.8% | -22.1% |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $256M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $71M |
| Operating Expenses | $161M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $95M |
| Interest Income | $323M |
| Interest Expense | $109M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $13M |
| EBIT | $95M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $256M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $90M |
| SG&A Expenses | $90M |
| Other Expenses | $71M |
| Operating Expenses | $161M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $95M |
| Interest Income | $323M |
| Interest Expense | $109M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $13M |
| EBIT | $95M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$900.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $216M |
| Other Investing Activities | $85M |
| NET CASH FROM INVESTING | $295M |
| Net Debt Issuance | -$522M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$49M |
| Other Financing Activities | $60M |
| NET CASH FROM FINANCING | -$511M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $591M |
| Short-Term Investments | $5.6B |
| Net Receivables | $129M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $446M |
| Goodwill | $1.1B |
| Intangible Assets | $114M |
| Long-Term Investments | $21.3B |
| Tax Assets | $215M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $24.2B |
| TOTAL ASSETS | $30.5B |
| Account Payables | $517M |
| Short-Term Debt | $890M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.7B |
| TOTAL CURRENT LIABILITIES | $25.1B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $27.5B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$522M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $30.5B |
| Total Debt | $3.2B |
| Net Debt | $2.6B |
