| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.0B | $2.0B | 7.5% | 57.0% |
| Op. Income | $434M | $441M | $525M | -1.5% | -17.2% |
| Gross Margin | 53.4% | 59.5% | 85.9% | -6.0pp | -32.5pp |
| Net Margin | 10.2% | 11.1% | 19.3% | -0.9pp | -9.1pp |
| EPS (Diluted) | $1.49 | $1.56 | $1.80 | -4.5% | -17.2% |
| Free Cash Flow | -$78M | -$271M | -$1.1B | 71.1% | 92.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $678M |
| SG&A Expenses | $694M |
| Other Expenses | $584M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $434M |
| Interest Income | $1.9B |
| Interest Expense | $1.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $434M |
| Income Tax Expense | $107M |
| Net Income from Continuing Ops | $328M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $328M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $309M |
| D&A | $158M |
| EBIT | $434M |
| EBITDA | $592M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $678M |
| SG&A Expenses | $694M |
| Other Expenses | $584M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $434M |
| Interest Income | $1.9B |
| Interest Expense | $1.5B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $434M |
| Income Tax Expense | $107M |
| Net Income from Continuing Ops | $328M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $328M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $309M |
| D&A | $158M |
| EBIT | $434M |
| EBITDA | $592M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $328M |
| Depreciation & Amortization | $158M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $471M |
| Change in Working Capital | -$870M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$165M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.2B |
| Sales/Maturities of Investments | $9.8B |
| Other Investing Activities | $9.5B |
| NET CASH FROM INVESTING | $10.1B |
| Net Debt Issuance | -$3.5B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$155M |
| Other Financing Activities | -$6.3B |
| NET CASH FROM FINANCING | -$10.0B |
| FREE CASH FLOW | -$78M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39.4B |
| Short-Term Investments | $8.9B |
| Net Receivables | $148M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $48.5B |
| PP&E (Net) | $465M |
| Goodwill | $693M |
| Intangible Assets | $0 |
| Long-Term Investments | $83.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.0B |
| TOTAL NON-CURRENT ASSETS | $97.8B |
| TOTAL ASSETS | $146.3B |
| Account Payables | $0 |
| Short-Term Debt | $6.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $110.2B |
| TOTAL CURRENT LIABILITIES | $116.3B |
| Long-Term Debt | $13.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $18.2B |
| TOTAL LIABILITIES | $134.5B |
| Common Stock | $409M |
| Additional Paid-In Capital | $993M |
| Retained Earnings | $14.3B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.8B |
| TOTAL LIABILITIES & EQUITY | $146.3B |
| Total Debt | $19.7B |
| Net Debt | -$19.7B |
