| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.2B | $3.3B | 6.5% | 34.2% |
| Op. Income | $833M | $742M | $922M | 12.3% | -9.7% |
| Gross Margin | 44.5% | 45.6% | 59.7% | -1.1pp | -15.2pp |
| Net Margin | 14.1% | 13.6% | 21.1% | 0.5pp | -7.1pp |
| EPS (Diluted) | $1.48 | $1.32 | $1.49 | 12.1% | -0.7% |
| Free Cash Flow | $2.5B | $1.9B | $1.6B | 30.1% | 51.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $125M |
| General & Administrative | $444M |
| SG&A Expenses | $569M |
| Other Expenses | $585M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $833M |
| Interest Income | $5.4B |
| Interest Expense | $992M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $833M |
| Income Tax Expense | $205M |
| Net Income from Continuing Ops | $628M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $628M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $618M |
| D&A | $116M |
| EBIT | $833M |
| EBITDA | $949M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $125M |
| General & Administrative | $444M |
| SG&A Expenses | $569M |
| Other Expenses | $585M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $833M |
| Interest Income | $5.4B |
| Interest Expense | $992M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $833M |
| Income Tax Expense | $205M |
| Net Income from Continuing Ops | $628M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $628M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $618M |
| D&A | $116M |
| EBIT | $833M |
| EBITDA | $949M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $628M |
| Depreciation & Amortization | $116M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$120M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | $193M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$430M |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | -$4.0B |
| NET CASH FROM INVESTING | -$2.6B |
| Net Debt Issuance | $997M |
| Common Stock Repurchased | -$152M |
| Common Dividends Paid | -$104M |
| Other Financing Activities | $2.3B |
| NET CASH FROM FINANCING | $3.0B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $2.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.6B |
| Short-Term Investments | $2.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18.5B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $97.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.7B |
| TOTAL NON-CURRENT ASSETS | $94.4B |
| TOTAL ASSETS | $112.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $78.1B |
| TOTAL CURRENT LIABILITIES | $83.9B |
| Long-Term Debt | $15.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $15.2B |
| TOTAL LIABILITIES | $99.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.8B |
| Retained Earnings | $18.3B |
| Treasury Stock | -$15.0B |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.8B |
| TOTAL LIABILITIES & EQUITY | $112.9B |
| Total Debt | $15.2B |
| Net Debt | -$412M |
