| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.3B | 4.4% | 6.7% |
| Op. Income | $319M | $265M | $235M | 20.5% | 35.8% |
| Gross Margin | 31.1% | 28.4% | 26.7% | 2.7pp | 4.4pp |
| Net Margin | 18.6% | 16.2% | 14.7% | 2.3pp | 3.9pp |
| EPS (Diluted) | $2.68 | $2.24 | $1.90 | 19.6% | 41.1% |
| Free Cash Flow | $276M | $309M | $351M | -10.8% | -21.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $953M |
| GROSS PROFIT | $431M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $112M |
| Operating Expenses | $112M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $319M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $0 |
| EBIT | $345M |
| EBITDA | $345M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $953M |
| GROSS PROFIT | $431M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $112M |
| Operating Expenses | $112M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $319M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $0 |
| EBIT | $345M |
| EBITDA | $345M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $257M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$589M |
| Sales/Maturities of Investments | $182M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$418M |
| Net Debt Issuance | $189M |
| Common Stock Repurchased | -$97M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $47M |
| NET CASH FROM FINANCING | $137M |
| FREE CASH FLOW | $276M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $16.3B |
| Net Receivables | $617M |
| Inventory | $0 |
| Other Current Assets | -$17.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $26.2B |
| Account Payables | $503M |
| Short-Term Debt | $448M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $105M |
| Additional Paid-In Capital | $544M |
| Retained Earnings | $7.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $26.2B |
| Total Debt | $2.2B |
| Net Debt | $2.2B |
