| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.7B | $1.4B | 1.2% | 25.5% |
| Op. Income | $122M | -$1.6B | -$346M | 107.5% | 135.3% |
| Gross Margin | 52.6% | 49.3% | 48.5% | 3.3pp | 4.1pp |
| Net Margin | 41.9% | -77.4% | -11.6% | 119.3pp | 53.5pp |
| EPS (Diluted) | $0.55 | $-1.02 | $-0.12 | 153.9% | 558.3% |
| Free Cash Flow | $276M | $97M | -$148M | 184.5% | 286.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $813M |
| GROSS PROFIT | $901M |
| R&D Expenses | $313M |
| Selling & Marketing | $295M |
| General & Administrative | $137M |
| SG&A Expenses | $432M |
| Other Expenses | $34M |
| Operating Expenses | $779M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $122M |
| Interest Income | $63M |
| Interest Expense | $0 |
| Other Income/Expenses | $606M |
| INCOME BEFORE TAX | $728M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $718M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $718M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $718M |
| D&A | $13M |
| EBIT | $122M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $813M |
| GROSS PROFIT | $901M |
| R&D Expenses | $313M |
| Selling & Marketing | $295M |
| General & Administrative | $137M |
| SG&A Expenses | $432M |
| Other Expenses | $34M |
| Operating Expenses | $779M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $122M |
| Interest Income | $63M |
| Interest Expense | $0 |
| Other Income/Expenses | $606M |
| INCOME BEFORE TAX | $728M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $718M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $718M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $718M |
| D&A | $13M |
| EBIT | $122M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $718M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $102M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$527M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$159M |
| NET CASH FROM INVESTING | -$606M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $276M |
| Net Change in Cash | -$324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $3.6B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $162M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $124M |
| Goodwill | $427M |
| Intangible Assets | $33M |
| Long-Term Investments | $3.7B |
| Tax Assets | $39M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $10.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $304M |
| Other Current Liabilities | $533M |
| TOTAL CURRENT LIABILITIES | $852M |
| Long-Term Debt | $915M |
| Deferred Revenue NC | $216M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.1B |
| Additional Paid-In Capital | $239M |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $10.5B |
| Total Debt | $1.1B |
| Net Debt | -$165M |
