| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $290M | — | 7.9% | — |
| Op. Income | $201M | $183M | — | 10.0% | — |
| Gross Margin | 97.5% | 102.1% | — | -4.6pp | — |
| Net Margin | 50.1% | 50.4% | — | -0.3pp | — |
| EPS (Diluted) | $0.98 | $0.91 | — | 7.7% | — |
| Free Cash Flow | $71M | $67M | — | 5.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $305M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $104M |
| Operating Expenses | $104M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $201M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $15M |
| EBIT | $224M |
| EBITDA | $239M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $305M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $104M |
| Operating Expenses | $104M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $201M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $15M |
| EBIT | $224M |
| EBITDA | $239M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $44M |
| Other Non-Cash Items | -$72M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$263M |
| Sales/Maturities of Investments | $171M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | $85M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $5.5B |
| Net Receivables | $169M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $92M |
| Goodwill | $10M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $718M |
| TOTAL NON-CURRENT ASSETS | $821M |
| TOTAL ASSETS | $7.4B |
| Account Payables | $0 |
| Short-Term Debt | $65M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $221M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $498M |
| Other Non-Current Liabilities | $914M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $175.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$946M |
| Accum. Other Comp. Income | -$521M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
