| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $2.9B | $4.8B | 44.1% | -12.0% |
| Op. Income | $1.0B | $602M | -$2.1B | 71.8% | 148.6% |
| Gross Margin | -6.8% | -45.5% | -42.6% | 38.7pp | 35.9pp |
| Net Margin | 20.2% | 17.4% | -37.0% | 2.8pp | 57.2pp |
| EPS (Diluted) | $4.79 | $2.94 | $-15.08 | 62.9% | 131.8% |
| Free Cash Flow | $46M | $522M | $650M | -91.2% | -92.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | -$287M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.3B |
| Operating Expenses | -$1.3B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $181M |
| Net Income from Continuing Ops | $853M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $853M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $819M |
| D&A | $0 |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $853M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$883M |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.0B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$150M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$475M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$76M |
| Other Financing Activities | $739M |
| NET CASH FROM FINANCING | $153M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $19.9B |
| Net Receivables | $18.4B |
| Inventory | $0 |
| Other Current Assets | -$40.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $101.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$102.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $338.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$8.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $5.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$11.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $335.2B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $338.4B |
| Total Debt | $5.7B |
| Net Debt | $3.2B |
