| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $2.3B | -3.6% | 36.5% |
| Op. Income | $907M | $1.2B | $848M | -21.7% | 7.0% |
| Gross Margin | 68.3% | 73.9% | 90.7% | -5.6pp | -22.4pp |
| Net Margin | 21.6% | 26.1% | 27.6% | -4.6pp | -6.0pp |
| EPS (Diluted) | $3.98 | $5.05 | $3.53 | -21.2% | 12.7% |
| Free Cash Flow | $1.4B | $1.2B | $1.1B | 11.7% | 23.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $756M |
| SG&A Expenses | $779M |
| Other Expenses | $499M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $907M |
| Interest Income | $2.6B |
| Interest Expense | $866M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $907M |
| Income Tax Expense | $217M |
| Net Income from Continuing Ops | $690M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $690M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $664M |
| D&A | $130M |
| EBIT | $907M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $756M |
| SG&A Expenses | $779M |
| Other Expenses | $499M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $907M |
| Interest Income | $2.6B |
| Interest Expense | $866M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $907M |
| Income Tax Expense | $217M |
| Net Income from Continuing Ops | $690M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $690M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $664M |
| D&A | $130M |
| EBIT | $907M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $690M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $142M |
| Change in Working Capital | $491M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$176M |
| Sales/Maturities of Investments | $763M |
| Other Investing Activities | -$2.4B |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$216M |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | $408M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | -$79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31.9B |
| Short-Term Investments | $7.3B |
| Net Receivables | $9.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48.4B |
| PP&E (Net) | $1.7B |
| Goodwill | $8.5B |
| Intangible Assets | $162M |
| Long-Term Investments | $150.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $160.7B |
| TOTAL ASSETS | $209.1B |
| Account Payables | $4.9B |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $164.1B |
| TOTAL CURRENT LIABILITIES | $175.8B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $182.9B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $17.3B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$942M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.2B |
| TOTAL LIABILITIES & EQUITY | $209.1B |
| Total Debt | $13.9B |
| Net Debt | -$18.0B |
