| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $244M | $214M | $184M | 13.8% | 32.3% |
| Op. Income | $53M | $35M | $60M | 49.1% | -12.5% |
| Gross Margin | 66.0% | 67.8% | 87.7% | -1.8pp | -21.7pp |
| Net Margin | 17.2% | 13.4% | 25.3% | 3.8pp | -8.1pp |
| EPS (Diluted) | $0.75 | $0.51 | $0.83 | 47.1% | -9.6% |
| Free Cash Flow | $76M | -$28M | $109M | 367.5% | -30.6% |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $69M |
| SG&A Expenses | $73M |
| Other Expenses | $35M |
| Operating Expenses | $108M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $53M |
| Interest Income | $206M |
| Interest Expense | $78M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $8M |
| EBIT | $53M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $69M |
| SG&A Expenses | $73M |
| Other Expenses | $35M |
| Operating Expenses | $108M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $53M |
| Interest Income | $206M |
| Interest Expense | $78M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $8M |
| EBIT | $53M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | -$234M |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $62M |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | -$206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $741M |
| Short-Term Investments | $909M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | -$4M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $284M |
| Goodwill | $992M |
| Intangible Assets | $110M |
| Long-Term Investments | $13.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $688M |
| TOTAL NON-CURRENT ASSETS | $15.4B |
| TOTAL ASSETS | $17.2B |
| Account Payables | $0 |
| Short-Term Debt | $108M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.2B |
| TOTAL CURRENT LIABILITIES | $14.3B |
| Long-Term Debt | $427M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $256M |
| TOTAL NON-CURRENT LIABILITIES | $684M |
| TOTAL LIABILITIES | $14.9B |
| Common Stock | $296M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $937M |
| Treasury Stock | -$105M |
| Accum. Other Comp. Income | -$199M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $17.2B |
| Total Debt | $535M |
| Net Debt | -$206M |
