| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $525M | $513M | — | 2.5% | — |
| Op. Income | $207M | $183M | — | 13.3% | — |
| Gross Margin | 59.7% | 55.3% | — | 4.3pp | — |
| Net Margin | 41.3% | 24.4% | — | 16.9pp | — |
| EPS (Diluted) | $5.47 | $3.25 | — | 68.3% | — |
| Free Cash Flow | $291M | $89M | — | 228.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $525M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $313M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $16M |
| Operating Expenses | $107M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $157M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | -$21M |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $16M |
| EBIT | $395M |
| EBITDA | $410M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $525M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $313M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $16M |
| Operating Expenses | $107M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $207M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $157M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $286M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | -$21M |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $16M |
| EBIT | $395M |
| EBITDA | $410M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$80M |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $294M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $200M |
| Purchases of Investments | -$263M |
| Sales/Maturities of Investments | $252M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $187M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$189M |
| Common Dividends Paid | -$400.0K |
| Other Financing Activities | -$69M |
| NET CASH FROM FINANCING | -$259M |
| FREE CASH FLOW | $291M |
| Net Change in Cash | $214M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $999M |
| Short-Term Investments | $462M |
| Net Receivables | $429M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $64M |
| Goodwill | $2.5B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $2.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $238M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $636M |
| TOTAL CURRENT LIABILITIES | $636M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $452M |
| Other Non-Current Liabilities | $482M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $722M |
| Retained Earnings | $6.2B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$180M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $1.4B |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.5B |
| Net Debt | $1.5B |
