| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $393M | $272M | -$33M | 44.5% | 1290.9% |
| Op. Income | $265M | $142M | -$126M | 86.6% | 310.3% |
| Gross Margin | 70.2% | 56.6% | 390.9% | 13.6pp | -320.7pp |
| Net Margin | 67.4% | 52.2% | 384.8% | 15.2pp | -317.4pp |
| EPS (Diluted) | $0.95 | $0.51 | $-0.45 | 86.3% | 311.1% |
| Free Cash Flow | $242M | $279M | $282M | -13.3% | -14.2% |
| Item | Amount |
|---|---|
| REVENUE | $393M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $276M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $265M |
| Interest Income | $374M |
| Interest Expense | $117M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $0 |
| EBIT | $265M |
| EBITDA | $265M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $393M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $276M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $265M |
| Interest Income | $374M |
| Interest Expense | $117M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $0 |
| EBIT | $265M |
| EBITDA | $265M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $265M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83M |
| Change in Working Capital | -$110M |
| OPERATING CASH FLOW | $242M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$129M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$210M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$340M |
| FREE CASH FLOW | $242M |
| Net Change in Cash | -$98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $493M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $672M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14.7B |
| TOTAL NON-CURRENT ASSETS | $14.7B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $275M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $123M |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $8.0B |
| Net Debt | $7.8B |
