| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $545M | $498M | $459M | 9.6% | 18.8% |
| Op. Income | $61M | $47M | $56M | 31.1% | 8.7% |
| Gross Margin | 32.5% | 36.3% | 34.0% | -3.8pp | -1.5pp |
| Net Margin | 7.9% | 7.4% | 7.8% | 0.4pp | 0.0pp |
| EPS (Diluted) | $0.98 | $0.85 | $0.84 | 15.3% | 16.7% |
| Free Cash Flow | $61M | $9M | $46M | 579.9% | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $368M |
| GROSS PROFIT | $177M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $116M |
| Cost & Expenses | $484M |
| OPERATING INCOME | $61M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$830.0K |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $29M |
| EBIT | $60M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $368M |
| GROSS PROFIT | $177M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $116M |
| Cost & Expenses | $484M |
| OPERATING INCOME | $61M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$830.0K |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $29M |
| EBIT | $60M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$76M |
| Other Non-Cash Items | $83M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$114M |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $29M |
| Net Receivables | $575M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $817M |
| PP&E (Net) | $285M |
| Goodwill | $969M |
| Intangible Assets | $197M |
| Long-Term Investments | $35M |
| Tax Assets | $58M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $81M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $481M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $643M |
| Common Stock | $51M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $655M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $47M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $173M |
| Net Debt | -$24M |
