| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $473M | $448M | $347M | 5.5% | 36.0% |
| Op. Income | $81M | $89M | $55M | -9.3% | 46.4% |
| Gross Margin | 55.2% | 60.5% | 72.7% | -5.3pp | -17.4pp |
| Net Margin | 13.0% | 15.3% | 11.9% | -2.3pp | 1.1pp |
| EPS (Diluted) | $1.18 | $1.33 | $0.74 | -11.3% | 59.5% |
| Free Cash Flow | $88M | $69M | $66M | 27.1% | 32.2% |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $116M |
| SG&A Expenses | $121M |
| Other Expenses | $59M |
| Operating Expenses | $180M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $81M |
| Interest Income | $426M |
| Interest Expense | $194M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $11M |
| EBIT | $81M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $261M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $116M |
| SG&A Expenses | $121M |
| Other Expenses | $59M |
| Operating Expenses | $180M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $81M |
| Interest Income | $426M |
| Interest Expense | $194M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $11M |
| EBIT | $81M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | $577M |
| NET CASH FROM INVESTING | $644M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $560M |
| NET CASH FROM FINANCING | $606M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $3.1B |
| Net Receivables | $810M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $21.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $29.6B |
| Account Payables | $31M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.9B |
| TOTAL CURRENT LIABILITIES | $25.3B |
| Long-Term Debt | $858M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $382M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $26.6B |
| Common Stock | $511.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$176M |
| Accum. Other Comp. Income | -$506M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $29.6B |
| Total Debt | $2.3B |
| Net Debt | -$1.9B |
