| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $282M | $292M | $263M | -3.7% | 6.9% |
| Op. Income | $0 | $0 | $100M | — | -100.0% |
| Gross Margin | 48.3% | 50.9% | 46.6% | -2.6pp | 1.7pp |
| Net Margin | 3.0% | 5.3% | 14.0% | -2.3pp | -11.0pp |
| EPS (Diluted) | $1.05 | $1.95 | $4.17 | -46.2% | -74.8% |
| Free Cash Flow | $340M | -$464M | -$114M | 173.2% | 397.1% |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $146M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $102M |
| Operating Expenses | $136M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $0 |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $81M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $348M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $377M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$264M |
| Sales/Maturities of Investments | $280M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$397M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$423M |
| FREE CASH FLOW | $340M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $8.9B |
| Inventory | $0 |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $2.9B |
| Long-Term Investments | $40M |
| Tax Assets | $3M |
| Other Non-Current Assets | $315M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $0 |
| Short-Term Debt | $54M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $215M |
| Long-Term Debt | $10.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $552M |
| Retained Earnings | -$104M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $445M |
| Minority Interest | $0 |
| TOTAL EQUITY | $445M |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $10.9B |
| Net Debt | $10.7B |
