| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $389M | $379M | $294M | 2.6% | 32.3% |
| Op. Income | $121M | $116M | $129M | 4.3% | -5.9% |
| Gross Margin | 65.4% | 65.7% | 89.5% | -0.3pp | -24.1pp |
| Net Margin | 24.7% | 24.4% | 34.9% | 0.3pp | -10.2pp |
| EPS (Diluted) | $0.71 | $0.68 | $0.76 | 4.4% | -6.6% |
| Free Cash Flow | $88M | $62M | $128M | 42.4% | -31.4% |
| Item | Amount |
|---|---|
| REVENUE | $389M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $57M |
| Operating Expenses | $134M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $121M |
| Interest Income | $357M |
| Interest Expense | $128M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $0 |
| EBIT | $121M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $389M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $57M |
| Operating Expenses | $134M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $121M |
| Interest Income | $357M |
| Interest Expense | $128M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $0 |
| EBIT | $121M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $255M |
| Other Investing Activities | -$282M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$800M |
| Common Stock Repurchased | -$7.0K |
| Common Dividends Paid | -$49M |
| Other Financing Activities | $319M |
| NET CASH FROM FINANCING | -$530M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | -$508M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $3.7B |
| Net Receivables | $107M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $272M |
| Goodwill | $1.9B |
| Intangible Assets | $20M |
| Long-Term Investments | $21.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $801M |
| TOTAL NON-CURRENT ASSETS | $24.2B |
| TOTAL ASSETS | $29.2B |
| Account Payables | $0 |
| Short-Term Debt | $188M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.7B |
| TOTAL CURRENT LIABILITIES | $23.1B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $24.6B |
| Common Stock | $356M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$252M |
| Accum. Other Comp. Income | -$349M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $1.7B |
| Net Debt | $479M |
