| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $526M | 0.8% | 217.9% |
| Op. Income | $268M | $492M | $205M | -45.5% | 30.7% |
| Gross Margin | 58.6% | 61.0% | 64.8% | -2.4pp | -6.2pp |
| Net Margin | 12.4% | 24.9% | 28.9% | -12.5pp | -16.5pp |
| EPS (Diluted) | $0.82 | $1.66 | $0.91 | -50.6% | -9.9% |
| Free Cash Flow | $1.1B | -$4.6B | $232M | 122.9% | 359.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $980M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $530M |
| SG&A Expenses | $530M |
| Other Expenses | $182M |
| Operating Expenses | $712M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $268M |
| Interest Income | $1.5B |
| Interest Expense | $630M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $47M |
| EBIT | $268M |
| EBITDA | $315M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $980M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $530M |
| SG&A Expenses | $530M |
| Other Expenses | $182M |
| Operating Expenses | $712M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $268M |
| Interest Income | $1.5B |
| Interest Expense | $630M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $268M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $47M |
| EBIT | $268M |
| EBITDA | $315M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $207M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | $843M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | -$615M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | -$2.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$125M |
| Other Financing Activities | -$5.8B |
| NET CASH FROM FINANCING | -$8.2B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$8.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $7.3B |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.4B |
| PP&E (Net) | $638M |
| Goodwill | $2.4B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $82.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.8B |
| TOTAL NON-CURRENT ASSETS | $93.8B |
| TOTAL ASSETS | $111.2B |
| Account Payables | $0 |
| Short-Term Debt | $547M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $82.7B |
| TOTAL CURRENT LIABILITIES | $83.2B |
| Long-Term Debt | $14.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $17.0B |
| TOTAL LIABILITIES | $100.2B |
| Common Stock | $7M |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$217M |
| Accum. Other Comp. Income | -$795M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $111.2B |
| Total Debt | $14.6B |
| Net Debt | $7.7B |
