| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $332M | $382M | $859M | -13.1% | -61.4% |
| Op. Income | $15M | $96M | $555M | -84.4% | -97.3% |
| Gross Margin | 5.3% | 26.4% | 67.1% | -21.1pp | -61.8pp |
| Net Margin | 4.1% | 20.3% | 51.2% | -16.3pp | -47.1pp |
| EPS (Diluted) | $0.15 | $0.84 | $4.80 | -82.2% | -96.9% |
| Free Cash Flow | $96M | $173M | $111M | -44.5% | -13.4% |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $141.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $141.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$100M |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $96M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $2.8B |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | -$4.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $49M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $5.1B |
| Account Payables | $57M |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$248M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $686.0K |
| Additional Paid-In Capital | $360M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$406M |
| Accum. Other Comp. Income | -$268M |
| Other Equity | $13M |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $100M |
| Net Debt | $82M |
