| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $407M | — | $241M | — | 68.7% |
| Op. Income | $55M | — | -$150M | — | 136.6% |
| Gross Margin | 31.0% | — | -40.1% | — | 71.1pp |
| Net Margin | 10.7% | — | -56.4% | — | 67.1pp |
| EPS (Diluted) | $0.40 | — | $-1.32 | — | 130.3% |
| Free Cash Flow | $172M | — | $53M | — | 225.5% |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $52M |
| Operating Expenses | $71M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $55M |
| Interest Income | $19M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $60M |
| EBITDA | $64M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $52M |
| Operating Expenses | $71M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $55M |
| Interest Income | $19M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $60M |
| EBITDA | $64M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$71M |
| Other Non-Cash Items | $125M |
| Change in Working Capital | $67M |
| OPERATING CASH FLOW | $172M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $86M |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | -$57.0K |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $805M |
| Short-Term Investments | $349M |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | -$3.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | -$151M |
| Intangible Assets | $241M |
| Long-Term Investments | $631M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.8B |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $528M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$528M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $150M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.7B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $675M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $129.0K |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $150M |
| Net Debt | -$655M |
