| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $594M | $565M | $426M | 5.1% | 39.4% |
| Op. Income | $164M | $179M | $173M | -8.4% | -5.2% |
| Gross Margin | 64.3% | 69.2% | 86.4% | -4.9pp | -22.1pp |
| Net Margin | 24.4% | 25.1% | 32.4% | -0.7pp | -8.0pp |
| EPS (Diluted) | $0.40 | $0.39 | $0.38 | 2.6% | 5.3% |
| Free Cash Flow | $283M | $103M | $321M | 174.8% | -11.8% |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $382M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $122M |
| SG&A Expenses | $127M |
| Other Expenses | $91M |
| Operating Expenses | $218M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $164M |
| Interest Income | $513M |
| Interest Expense | $187M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $19M |
| EBIT | $164M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $382M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $122M |
| SG&A Expenses | $127M |
| Other Expenses | $91M |
| Operating Expenses | $218M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $164M |
| Interest Income | $513M |
| Interest Expense | $187M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $19M |
| EBIT | $164M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $142M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $294M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$156M |
| Sales/Maturities of Investments | $221M |
| Other Investing Activities | -$825M |
| NET CASH FROM INVESTING | -$771M |
| Net Debt Issuance | -$338M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $793M |
| NET CASH FROM FINANCING | $410M |
| FREE CASH FLOW | $283M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $3.1B |
| Net Receivables | $562M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $460M |
| Goodwill | $2.5B |
| Intangible Assets | $74M |
| Long-Term Investments | $35.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $40.2B |
| TOTAL ASSETS | $45.5B |
| Account Payables | $0 |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.6B |
| TOTAL CURRENT LIABILITIES | $36.6B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $953M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $39.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$188M |
| Accum. Other Comp. Income | -$382M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $45.5B |
| Total Debt | $4.0B |
| Net Debt | $2.4B |
