| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $293M | $293M | $296M | -0.1% | -1.0% |
| Op. Income | $314M | $316M | $200M | -0.5% | 57.3% |
| Gross Margin | 134.8% | 132.8% | 91.9% | 2.0pp | 42.9pp |
| Net Margin | 85.3% | 85.0% | 53.4% | 0.2pp | 31.8pp |
| EPS (Diluted) | $0.81 | $0.79 | $0.46 | 2.5% | 76.1% |
| Free Cash Flow | $122M | $132M | $162M | -8.0% | -24.8% |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | -$102M |
| GROSS PROFIT | $395M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $80M |
| Operating Expenses | $80M |
| Cost & Expenses | -$21M |
| OPERATING INCOME | $314M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | -$620.0K |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $13M |
| EBIT | $325M |
| EBITDA | $338M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | -$102M |
| GROSS PROFIT | $395M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $80M |
| Operating Expenses | $80M |
| Cost & Expenses | -$21M |
| OPERATING INCOME | $314M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $314M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | -$620.0K |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $13M |
| EBIT | $325M |
| EBITDA | $338M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $250M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$172M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$256.0K |
| Acquisitions (Net) | -$92M |
| Purchases of Investments | -$168M |
| Sales/Maturities of Investments | $260M |
| Other Investing Activities | $92M |
| NET CASH FROM INVESTING | $91M |
| Net Debt Issuance | -$256M |
| Common Stock Repurchased | -$84M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$383M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | -$170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $242M |
| Short-Term Investments | $5.4B |
| Net Receivables | $104M |
| Inventory | $0 |
| Other Current Assets | -$5.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $663M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$663M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.8B |
| Treasury Stock | -$971M |
| Accum. Other Comp. Income | -$496M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $663M |
| Net Debt | $421M |
