| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.5B | $5.9B | -1.2% | 7.9% |
| Op. Income | $1.4B | $1.7B | $2.7B | -18.2% | -48.3% |
| Gross Margin | 72.0% | 72.0% | 92.7% | 0.1pp | -20.7pp |
| Net Margin | 17.6% | 20.0% | 34.1% | -2.4pp | -16.5pp |
| EPS (Diluted) | $0.56 | $0.64 | $0.99 | -12.5% | -43.4% |
| Free Cash Flow | -$5.3B | -$5.5B | $8.8B | 3.8% | -159.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $1.4B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $1.4B |
| Interest Income | $4.0B |
| Interest Expense | $1.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $258M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $333M |
| EBIT | $1.4B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $1.4B |
| Operating Expenses | $3.2B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $1.4B |
| Interest Income | $4.0B |
| Interest Expense | $1.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.4B |
| Income Tax Expense | $258M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $333M |
| EBIT | $1.4B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $333M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $335M |
| Change in Working Capital | -$6.9B |
| OPERATING CASH FLOW | -$5.0B |
| Capital Expenditure | -$239M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$775M |
| Sales/Maturities of Investments | $19.3B |
| Other Investing Activities | $292M |
| NET CASH FROM INVESTING | $18.5B |
| Net Debt Issuance | -$7.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$561M |
| Other Financing Activities | -$20.0B |
| NET CASH FROM FINANCING | -$27.7B |
| FREE CASH FLOW | -$5.3B |
| Net Change in Cash | -$14.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33.3B |
| Short-Term Investments | $108.5B |
| Net Receivables | $69.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $210.8B |
| PP&E (Net) | $3.7B |
| Goodwill | $12.0B |
| Intangible Assets | $8.4B |
| Long-Term Investments | $197.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $42.8B |
| TOTAL NON-CURRENT ASSETS | $264.4B |
| TOTAL ASSETS | $475.2B |
| Account Payables | $72.8B |
| Short-Term Debt | $39.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $284.4B |
| TOTAL CURRENT LIABILITIES | $396.6B |
| Long-Term Debt | $24.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16.0B |
| TOTAL NON-CURRENT LIABILITIES | $40.8B |
| TOTAL LIABILITIES | $437.4B |
| Common Stock | $21M |
| Additional Paid-In Capital | $27.3B |
| Retained Earnings | $33.4B |
| Treasury Stock | -$11.4B |
| Accum. Other Comp. Income | -$20.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $37.8B |
| TOTAL LIABILITIES & EQUITY | $475.2B |
| Total Debt | $64.2B |
| Net Debt | $30.9B |
