| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $936M | $748M | $702M | 25.1% | 33.3% |
| Op. Income | $368M | $241M | $302M | 52.7% | 21.9% |
| Gross Margin | 81.0% | 84.1% | 85.0% | -3.1pp | -4.1pp |
| Net Margin | 17.6% | 9.2% | 28.8% | 8.4pp | -11.1pp |
| EPS (Diluted) | $0.25 | $0.12 | $0.34 | 108.3% | -26.5% |
| Free Cash Flow | $305M | -$90M | $328M | 438.9% | -7.0% |
| Item | Amount |
|---|---|
| REVENUE | $936M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $758M |
| R&D Expenses | $91M |
| Selling & Marketing | $183M |
| General & Administrative | $11M |
| SG&A Expenses | $194M |
| Other Expenses | $105M |
| Operating Expenses | $390M |
| Cost & Expenses | $568M |
| OPERATING INCOME | $368M |
| Interest Income | $5M |
| Interest Expense | $154M |
| Other Income/Expenses | -$152M |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $125M |
| EBIT | $370M |
| EBITDA | $495M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $936M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $758M |
| R&D Expenses | $91M |
| Selling & Marketing | $183M |
| General & Administrative | $11M |
| SG&A Expenses | $194M |
| Other Expenses | $105M |
| Operating Expenses | $390M |
| Cost & Expenses | $568M |
| OPERATING INCOME | $368M |
| Interest Income | $5M |
| Interest Expense | $154M |
| Other Income/Expenses | -$152M |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $125M |
| EBIT | $370M |
| EBITDA | $495M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $306M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$81M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$585M |
| FREE CASH FLOW | $305M |
| Net Change in Cash | -$283M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $812M |
| Short-Term Investments | $0 |
| Net Receivables | $192M |
| Inventory | $0 |
| Other Current Assets | $254M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $153M |
| Goodwill | $10.1B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $182M |
| Tax Assets | $348M |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $14.1B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $75M |
| Short-Term Debt | $259M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $552M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $9.8B |
| Deferred Revenue NC | $86M |
| Deferred Tax Liabilities | $386M |
| Other Non-Current Liabilities | $974M |
| TOTAL NON-CURRENT LIABILITIES | $11.3B |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $10.1B |
| Net Debt | $9.3B |
