| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408M | $390M | $305M | 4.7% | 33.9% |
| Op. Income | $143M | $112M | $173M | 27.6% | -17.6% |
| Gross Margin | 65.5% | 63.4% | 93.8% | 2.1pp | -28.3pp |
| Net Margin | 27.5% | 22.3% | 44.6% | 5.2pp | -17.1pp |
| EPS (Diluted) | $1.20 | $0.94 | $1.49 | 27.7% | -19.5% |
| Free Cash Flow | $232M | $187M | $186M | 24.4% | 24.8% |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $267M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $91M |
| SG&A Expenses | $91M |
| Other Expenses | $34M |
| Operating Expenses | $125M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $143M |
| Interest Income | $380M |
| Interest Expense | $141M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $8M |
| EBIT | $143M |
| EBITDA | $151M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $267M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $91M |
| SG&A Expenses | $91M |
| Other Expenses | $34M |
| Operating Expenses | $125M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $143M |
| Interest Income | $380M |
| Interest Expense | $141M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $8M |
| EBIT | $143M |
| EBITDA | $151M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $116M |
| OPERATING CASH FLOW | $244M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.5B |
| Sales/Maturities of Investments | $5.0B |
| Other Investing Activities | $220M |
| NET CASH FROM INVESTING | $678M |
| Net Debt Issuance | -$687M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$806M |
| FREE CASH FLOW | $232M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $512M |
| Short-Term Investments | $446M |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $370M |
| Goodwill | $3.4B |
| Intangible Assets | $68M |
| Long-Term Investments | $33.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $578M |
| TOTAL NON-CURRENT ASSETS | $38.2B |
| TOTAL ASSETS | $39.3B |
| Account Payables | $80M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.3B |
| TOTAL CURRENT LIABILITIES | $28.9B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $320M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $32.3B |
| Common Stock | $94M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $39.3B |
| Total Debt | $4.6B |
| Net Debt | $4.0B |
