| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $329M | $490M | -11.6% | -40.6% |
| Op. Income | $141M | $171M | $306M | -17.2% | -53.7% |
| Gross Margin | 54.6% | 60.1% | 67.2% | -5.5pp | -12.7pp |
| Net Margin | 34.5% | 40.2% | 54.3% | -5.7pp | -19.9pp |
| EPS (Diluted) | $1.93 | $2.40 | $4.31 | -19.6% | -55.2% |
| Free Cash Flow | $175M | $220M | $310M | -20.5% | -43.5% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | -$7M |
| Operating Expenses | $18M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $141M |
| Interest Income | $6M |
| Interest Expense | $50M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $51M |
| EBIT | $150M |
| EBITDA | $201M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | -$7M |
| Operating Expenses | $18M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $141M |
| Interest Income | $6M |
| Interest Expense | $50M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $51M |
| EBIT | $150M |
| EBITDA | $201M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $178M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | -$43M |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$156M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $365M |
| Short-Term Investments | $0 |
| Net Receivables | $193M |
| Inventory | $8M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $585M |
| PP&E (Net) | $3.6B |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $783.0K |
| Tax Assets | -$783.0K |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $21M |
| Short-Term Debt | $148M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $706M |
| Long-Term Debt | $694M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $745.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $485M |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
