| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $591M | $540M | $351M | 9.4% | 68.7% |
| Op. Income | $220M | $218M | $168M | 1.1% | 30.7% |
| Gross Margin | 59.0% | 64.2% | 80.5% | -5.2pp | -21.5pp |
| Net Margin | 29.4% | 31.8% | 37.8% | -2.4pp | -8.4pp |
| EPS (Diluted) | $1.49 | $1.47 | $1.08 | 1.4% | 38.0% |
| Free Cash Flow | $267M | $152M | $231M | 75.8% | 15.7% |
| Item | Amount |
|---|---|
| REVENUE | $591M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $70M |
| SG&A Expenses | $73M |
| Other Expenses | $56M |
| Operating Expenses | $129M |
| Cost & Expenses | $371M |
| OPERATING INCOME | $220M |
| Interest Income | $566M |
| Interest Expense | $198M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $174M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $14M |
| EBIT | $220M |
| EBITDA | $234M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $591M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $70M |
| SG&A Expenses | $73M |
| Other Expenses | $56M |
| Operating Expenses | $129M |
| Cost & Expenses | $371M |
| OPERATING INCOME | $220M |
| Interest Income | $566M |
| Interest Expense | $198M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $174M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $14M |
| EBIT | $220M |
| EBITDA | $234M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $174M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$69M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | -$1.7B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $326M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$41M |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | $267M |
| Net Change in Cash | $410M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $3.2B |
| Net Receivables | $154M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $666M |
| Goodwill | $0 |
| Intangible Assets | $661M |
| Long-Term Investments | $25.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $27.6B |
| TOTAL ASSETS | $32.8B |
| Account Payables | $252M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25.6B |
| TOTAL CURRENT LIABILITIES | $25.8B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $158M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $27.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$199M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $1M |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $32.8B |
| Total Debt | $1.9B |
| Net Debt | $35M |
