| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $555M | $449M | 3.3% | 27.6% |
| Op. Income | $157M | $158M | $171M | -0.4% | -8.1% |
| Gross Margin | 69.0% | 72.1% | 91.6% | -3.2pp | -22.6pp |
| Net Margin | 21.7% | 22.2% | 29.6% | -0.6pp | -8.0pp |
| EPS (Diluted) | $1.62 | $1.62 | $1.75 | 0.0% | -7.4% |
| Free Cash Flow | $438M | $305M | $605M | 43.7% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $396M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $161M |
| SG&A Expenses | $164M |
| Other Expenses | $74M |
| Operating Expenses | $238M |
| Cost & Expenses | $416M |
| OPERATING INCOME | $157M |
| Interest Income | $501M |
| Interest Expense | $145M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $15M |
| EBIT | $157M |
| EBITDA | $172M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $396M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $161M |
| SG&A Expenses | $164M |
| Other Expenses | $74M |
| Operating Expenses | $238M |
| Cost & Expenses | $416M |
| OPERATING INCOME | $157M |
| Interest Income | $501M |
| Interest Expense | $145M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $15M |
| EBIT | $157M |
| EBITDA | $172M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $124M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | $206M |
| OPERATING CASH FLOW | $449M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $238M |
| Other Investing Activities | -$487M |
| NET CASH FROM INVESTING | -$321M |
| Net Debt Issuance | -$400M |
| Common Stock Repurchased | -$387.0K |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $126M |
| NET CASH FROM FINANCING | -$314M |
| FREE CASH FLOW | $438M |
| Net Change in Cash | -$185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $742M |
| Short-Term Investments | $4.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $517M |
| Goodwill | $1.9B |
| Intangible Assets | $185M |
| Long-Term Investments | $34.5B |
| Tax Assets | $150M |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $39.6B |
| TOTAL ASSETS | $45.0B |
| Account Payables | $0 |
| Short-Term Debt | $513M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.9B |
| TOTAL CURRENT LIABILITIES | $37.4B |
| Long-Term Debt | $392M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $39.8B |
| Common Stock | $190M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$816M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $45.0B |
| Total Debt | $905M |
| Net Debt | $164M |
