| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.0B | 6.1% | 26.2% |
| Op. Income | $110M | $96M | $137M | 14.6% | -19.7% |
| Gross Margin | 26.9% | 24.1% | 35.1% | 2.8pp | -8.2pp |
| Net Margin | 6.1% | 5.4% | 10.2% | 0.7pp | -4.1pp |
| EPS (Diluted) | $0.65 | $0.53 | $0.74 | 22.6% | -12.2% |
| Free Cash Flow | $122M | $99M | $68M | 23.2% | 79.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $951M |
| GROSS PROFIT | $350M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $141M |
| Operating Expenses | $240M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $110M |
| Interest Income | $1.2B |
| Interest Expense | $879M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $0 |
| EBIT | $110M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $951M |
| GROSS PROFIT | $350M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $141M |
| Operating Expenses | $240M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $110M |
| Interest Income | $1.2B |
| Interest Expense | $879M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $0 |
| EBIT | $110M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.7B |
| NET CASH FROM INVESTING | $1.7B |
| Net Debt Issuance | -$2.1B |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$86M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $122M |
| Net Change in Cash | -$467M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $977M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $67M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $57.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $60.2B |
| TOTAL ASSETS | $63.4B |
| Account Payables | $0 |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $55.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $407M |
| TOTAL NON-CURRENT LIABILITIES | $55.4B |
| TOTAL LIABILITIES | $60.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$5.2B |
| Accum. Other Comp. Income | $43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $63.4B |
| Total Debt | $60.1B |
| Net Debt | $59.1B |
