| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $332M | $287M | $162M | 15.6% | 104.7% |
| Op. Income | $107M | $69M | $77M | 55.4% | 37.7% |
| Gross Margin | 44.8% | 39.0% | 68.6% | 5.7pp | -23.8pp |
| Net Margin | 24.6% | 22.7% | 36.1% | 1.8pp | -11.5pp |
| EPS (Diluted) | $1.68 | $1.31 | $1.22 | 28.2% | 37.7% |
| Free Cash Flow | -$550M | -$243M | $958M | -126.1% | -157.4% |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $148M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $11M |
| Operating Expenses | $42M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $107M |
| Interest Income | $297M |
| Interest Expense | $179M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $734.0K |
| EBIT | $107M |
| EBITDA | $107M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $148M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $11M |
| Operating Expenses | $42M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $107M |
| Interest Income | $297M |
| Interest Expense | $179M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $734.0K |
| EBIT | $107M |
| EBITDA | $107M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $734.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$440M |
| Change in Working Capital | -$192M |
| OPERATING CASH FLOW | -$550M |
| Capital Expenditure | -$516.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $637M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | $572M |
| FREE CASH FLOW | -$550M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $407M |
| Short-Term Investments | $625M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $37M |
| Goodwill | $16M |
| Intangible Assets | $163M |
| Long-Term Investments | $14.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $293M |
| TOTAL NON-CURRENT ASSETS | $15.4B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.0B |
| TOTAL CURRENT LIABILITIES | $13.0B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $393M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $14.9B |
| Common Stock | $140M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $998M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
