| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.2B | $2.9B | 6.5% | 14.5% |
| Op. Income | $1.2B | $1.0B | $1.2B | 19.1% | -1.0% |
| Gross Margin | 83.9% | 83.9% | 86.0% | -0.0pp | -2.1pp |
| Net Margin | 30.0% | 30.7% | 44.8% | -0.7pp | -14.8pp |
| EPS (Diluted) | $8.89 | $8.50 | $11.66 | 4.6% | -23.8% |
| Free Cash Flow | $938M | $909M | $486M | 3.2% | 92.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $542M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $970M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $641M |
| Other Expenses | -$500.0K |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.2B |
| Interest Income | $134M |
| Interest Expense | $18M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $103M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $105M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $542M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $970M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $641M |
| Other Expenses | -$500.0K |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.2B |
| Interest Income | $134M |
| Interest Expense | $18M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $103M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $105M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $204M |
| Deferred Income Tax | -$126M |
| Other Non-Cash Items | $115M |
| Change in Working Capital | -$192M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$176M |
| Acquisitions (Net) | $200M |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$275M |
| NET CASH FROM INVESTING | -$496M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$676M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$129M |
| NET CASH FROM FINANCING | -$407M |
| FREE CASH FLOW | $938M |
| Net Change in Cash | $211M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $7.8B |
| Net Receivables | $5.6B |
| Inventory | $2.6B |
| Other Current Assets | $575M |
| TOTAL CURRENT ASSETS | $18.6B |
| PP&E (Net) | $4.0B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $5.8B |
| Tax Assets | $2.3B |
| Other Non-Current Assets | $410M |
| TOTAL NON-CURRENT ASSETS | $13.5B |
| TOTAL ASSETS | $32.2B |
| Account Payables | $537M |
| Short-Term Debt | $0 |
| Deferred Revenue | $417M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $125M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $832M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $11.3B |
| Retained Earnings | $26.1B |
| Treasury Stock | -$12.3B |
| Accum. Other Comp. Income | -$177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $24.9B |
| TOTAL LIABILITIES & EQUITY | $32.2B |
| Total Debt | $2.7B |
| Net Debt | $550M |
