| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.5B | $19.5B | $12.4B | 10.6% | 74.0% |
| Op. Income | $3.4B | $3.2B | $3.3B | 3.4% | 0.9% |
| Gross Margin | 41.8% | 44.4% | 69.4% | -2.6pp | -27.6pp |
| Net Margin | 13.1% | 13.8% | 21.1% | -0.7pp | -8.0pp |
| EPS (Diluted) | $2.00 | $1.89 | $1.83 | 5.8% | 8.8% |
| Free Cash Flow | $6.2B | $7.0B | $9.2B | -11.7% | -32.4% |
| Item | Amount |
|---|---|
| REVENUE | $21.5B |
| Cost of Revenue | $12.5B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.5B |
| SG&A Expenses | $3.5B |
| Other Expenses | $2.2B |
| Operating Expenses | $5.6B |
| Cost & Expenses | $18.2B |
| OPERATING INCOME | $3.4B |
| Interest Income | $16.7B |
| Interest Expense | $12.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $538M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $517M |
| EBIT | $3.4B |
| EBITDA | $3.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $21.5B |
| Cost of Revenue | $12.5B |
| GROSS PROFIT | $9.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.5B |
| SG&A Expenses | $3.5B |
| Other Expenses | $2.2B |
| Operating Expenses | $5.6B |
| Cost & Expenses | $18.2B |
| OPERATING INCOME | $3.4B |
| Interest Income | $16.7B |
| Interest Expense | $12.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $538M |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $517M |
| EBIT | $3.4B |
| EBITDA | $3.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $517M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $121M |
| Other Non-Cash Items | $390M |
| Change in Working Capital | $2.8B |
| OPERATING CASH FLOW | $6.6B |
| Capital Expenditure | -$407M |
| Acquisitions (Net) | $1.3B |
| Purchases of Investments | -$41.6B |
| Sales/Maturities of Investments | $28.8B |
| Other Investing Activities | -$4.2B |
| NET CASH FROM INVESTING | -$16.1B |
| Net Debt Issuance | -$2.2B |
| Common Stock Repurchased | -$713M |
| Common Dividends Paid | -$902M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$3.1B |
| FREE CASH FLOW | $6.2B |
| Net Change in Cash | -$13.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122.8B |
| Short-Term Investments | $163.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $285.9B |
| PP&E (Net) | $5.0B |
| Goodwill | $9.0B |
| Intangible Assets | $4.3B |
| Long-Term Investments | $756.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $373.6B |
| TOTAL NON-CURRENT ASSETS | $1.1T |
| TOTAL ASSETS | $1.4T |
| Account Payables | $0 |
| Short-Term Debt | $329.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $603.9B |
| TOTAL CURRENT LIABILITIES | $933.2B |
| Long-Term Debt | $234.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $180.7B |
| TOTAL NON-CURRENT LIABILITIES | $415.3B |
| TOTAL LIABILITIES | $1.3T |
| Common Stock | $13.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $59.9B |
| Treasury Stock | -$110M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.3B |
| TOTAL STOCKHOLDERS' EQUITY | $82.1B |
| Minority Interest | $69M |
| TOTAL EQUITY | $82.2B |
| TOTAL LIABILITIES & EQUITY | $1.4T |
| Total Debt | $563.9B |
| Net Debt | $441.1B |
