| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | 1.9% | 14.6% |
| Op. Income | $109M | $181M | $206M | -39.7% | -46.8% |
| Gross Margin | 81.6% | 83.8% | 93.9% | -2.2pp | -12.4pp |
| Net Margin | 5.4% | 10.9% | 13.9% | -5.5pp | -8.4pp |
| EPS (Diluted) | $0.52 | $1.10 | $1.21 | -52.7% | -57.0% |
| Free Cash Flow | $218M | $367M | $520M | -40.6% | -58.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $231M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $613M |
| SG&A Expenses | $613M |
| Other Expenses | $298M |
| Operating Expenses | $911M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $109M |
| Interest Income | $505M |
| Interest Expense | $221M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $19M |
| EBIT | $109M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $231M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $613M |
| SG&A Expenses | $613M |
| Other Expenses | $298M |
| Operating Expenses | $911M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $109M |
| Interest Income | $505M |
| Interest Expense | $221M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $19M |
| EBIT | $109M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $230M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$53M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | $117M |
| NET CASH FROM INVESTING | $145M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | $666M |
| NET CASH FROM FINANCING | $500M |
| FREE CASH FLOW | $218M |
| Net Change in Cash | $872M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $1.5B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $982M |
| Goodwill | $1.4B |
| Intangible Assets | $127M |
| Long-Term Investments | $28.2B |
| Tax Assets | $198M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $32.3B |
| TOTAL ASSETS | $37.9B |
| Account Payables | $2.4B |
| Short-Term Debt | $987M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.6B |
| TOTAL CURRENT LIABILITIES | $30.9B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $526M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $32.6B |
| Common Stock | $17M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$510M |
| Accum. Other Comp. Income | -$134M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $37.9B |
| Total Debt | $2.2B |
| Net Debt | -$606M |
