| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $291M | $293M | 2.0% | 1.3% |
| Op. Income | $234M | $242M | $314M | -3.3% | -25.4% |
| Gross Margin | 99.1% | 105.2% | 134.8% | -6.1pp | -35.7pp |
| Net Margin | 61.7% | 65.7% | 85.3% | -4.1pp | -23.6pp |
| EPS (Diluted) | $0.64 | $0.66 | $0.81 | -3.0% | -21.0% |
| Free Cash Flow | $169M | $144M | $122M | 17.1% | 38.7% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | -$276.0K |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $10M |
| EBIT | $244M |
| EBITDA | $253M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $234M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $234M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | -$276.0K |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $10M |
| EBIT | $244M |
| EBITDA | $253M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $695.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $170M |
| Capital Expenditure | -$784.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$389M |
| Sales/Maturities of Investments | $306M |
| Other Investing Activities | $24.0K |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | -$67M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$47.0K |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $169M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $1.7B |
| Net Receivables | $99M |
| Inventory | $0 |
| Other Current Assets | -$2.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $39M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $643M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$643M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$497M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $643M |
| Net Debt | $376M |
