| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $738M | $653M | — | 13.0% | — |
| Op. Income | $264M | $230M | — | 14.8% | — |
| Gross Margin | 98.3% | 99.5% | — | -1.2pp | — |
| Net Margin | 44.7% | 32.0% | — | 12.6pp | — |
| EPS (Diluted) | $0.51 | $0.32 | — | 56.8% | — |
| Free Cash Flow | $304M | $53M | — | 472.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $738M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $726M |
| R&D Expenses | $327M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $462M |
| Cost & Expenses | $474M |
| OPERATING INCOME | $264M |
| Interest Income | $38M |
| Interest Expense | $1M |
| Other Income/Expenses | $154M |
| INCOME BEFORE TAX | $418M |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $330M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $330M |
| D&A | $13M |
| EBIT | $420M |
| EBITDA | $433M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $738M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $726M |
| R&D Expenses | $327M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $462M |
| Cost & Expenses | $474M |
| OPERATING INCOME | $264M |
| Interest Income | $38M |
| Interest Expense | $1M |
| Other Income/Expenses | $154M |
| INCOME BEFORE TAX | $418M |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $330M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $330M |
| D&A | $13M |
| EBIT | $420M |
| EBITDA | $433M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $330M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $319M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $173M |
| NET CASH FROM INVESTING | $158M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$626.7K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $304M |
| Net Change in Cash | $532M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $2.1B |
| Net Receivables | $851M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $259M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $346M |
| TOTAL ASSETS | $5.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $442M |
| TOTAL CURRENT LIABILITIES | $455M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $192M |
| TOTAL LIABILITIES | $646M |
| Common Stock | $10M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $124M |
| Net Debt | -$2.1B |
