| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $456M | $490M | $889M | -6.7% | -48.6% |
| Op. Income | $84M | $89M | $249M | -5.8% | -66.2% |
| Gross Margin | 36.6% | 36.7% | 38.2% | -0.1pp | -1.6pp |
| Net Margin | 13.8% | 12.4% | 19.5% | 1.4pp | -5.7pp |
| EPS (Diluted) | $0.90 | $0.87 | $2.54 | 3.4% | -64.6% |
| Free Cash Flow | $77M | $72M | $547M | 7.5% | -85.9% |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $167M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $48M |
| Operating Expenses | $83M |
| Cost & Expenses | $372M |
| OPERATING INCOME | $84M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$563.0K |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $13M |
| EBIT | $84M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $167M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $48M |
| Operating Expenses | $83M |
| Cost & Expenses | $372M |
| OPERATING INCOME | $84M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$563.0K |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $13M |
| EBIT | $84M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $76.0K |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$199.0K |
| Common Stock Repurchased | -$186.0K |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $549M |
| Short-Term Investments | $0 |
| Net Receivables | $300M |
| Inventory | $0 |
| Other Current Assets | $373.0K |
| TOTAL CURRENT ASSETS | $850M |
| PP&E (Net) | $331M |
| Goodwill | $1.1B |
| Intangible Assets | $205M |
| Long-Term Investments | $37M |
| Tax Assets | $113M |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $120M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $799M |
| Long-Term Debt | $307.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $619.0K |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $332M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $602M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $284M |
| Net Debt | -$265M |
