| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $919M | $955M | $823M | -3.7% | 11.6% |
| Op. Income | $215M | $202M | $118M | 6.8% | 82.1% |
| Gross Margin | 91.8% | 91.3% | 92.0% | 0.4pp | -0.2pp |
| Net Margin | 18.6% | 21.3% | 13.7% | -2.7pp | 4.9pp |
| EPS (Diluted) | $0.76 | $0.90 | $0.50 | -15.6% | 52.0% |
| Free Cash Flow | $137M | $299M | $269M | -54.3% | -49.0% |
| Item | Amount |
|---|---|
| REVENUE | $919M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $843M |
| R&D Expenses | $376M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $252M |
| Other Expenses | $0 |
| Operating Expenses | $628M |
| Cost & Expenses | $704M |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $623.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $21M |
| EBIT | $234M |
| EBITDA | $256M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $919M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $843M |
| R&D Expenses | $376M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $252M |
| Other Expenses | $0 |
| Operating Expenses | $628M |
| Cost & Expenses | $704M |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $623.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $21M |
| EBIT | $234M |
| EBITDA | $256M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$91M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$885.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $289M |
| Net Receivables | $657M |
| Inventory | $57M |
| Other Current Assets | $172M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $758M |
| Goodwill | $156M |
| Intangible Assets | $129M |
| Long-Term Investments | $154M |
| Tax Assets | $564M |
| Other Non-Current Assets | $225M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $139M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $484M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $303M |
| TOTAL NON-CURRENT LIABILITIES | $332M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $224.0K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$41M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $38M |
| Net Debt | -$3.2B |
