| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $2.1B | 3.8% | 35.2% |
| Op. Income | $688M | $699M | $743M | -1.6% | -7.4% |
| Gross Margin | 63.0% | 64.3% | 86.1% | -1.3pp | -23.1pp |
| Net Margin | 19.4% | 20.6% | 28.5% | -1.2pp | -9.1pp |
| EPS (Diluted) | $0.35 | $0.35 | $0.39 | 0.0% | -10.3% |
| Free Cash Flow | $976M | $598M | $804M | 63.2% | 21.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $647M |
| SG&A Expenses | $676M |
| Other Expenses | $414M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $688M |
| Interest Income | $2.3B |
| Interest Expense | $945M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $688M |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $510M |
| D&A | $214M |
| EBIT | $688M |
| EBITDA | $902M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $647M |
| SG&A Expenses | $676M |
| Other Expenses | $414M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $688M |
| Interest Income | $2.3B |
| Interest Expense | $945M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $688M |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $510M |
| D&A | $214M |
| EBIT | $688M |
| EBITDA | $902M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $552M |
| Depreciation & Amortization | $214M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $103M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $999M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$165M |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $265M |
| NET CASH FROM INVESTING | $1.4B |
| Net Debt Issuance | -$2.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$225M |
| Other Financing Activities | $830M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $976M |
| Net Change in Cash | $356M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.7B |
| Short-Term Investments | $426M |
| Net Receivables | $6.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18.7B |
| PP&E (Net) | $1.1B |
| Goodwill | $5.6B |
| Intangible Assets | $718M |
| Long-Term Investments | $151.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.8B |
| TOTAL NON-CURRENT ASSETS | $167.9B |
| TOTAL ASSETS | $186.7B |
| Account Payables | $0 |
| Short-Term Debt | $681M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $148.9B |
| TOTAL CURRENT LIABILITIES | $149.5B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $18.6B |
| TOTAL LIABILITIES | $168.1B |
| Common Stock | $15M |
| Additional Paid-In Capital | $15.4B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$91M |
| Accum. Other Comp. Income | -$3.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.5B |
| Minority Interest | $47M |
| TOTAL EQUITY | $18.5B |
| TOTAL LIABILITIES & EQUITY | $186.7B |
| Total Debt | $13.5B |
| Net Debt | $1.8B |
