| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $570M | $565M | $402M | 1.0% | 42.0% |
| Op. Income | $119M | $110M | $109M | 8.3% | 9.5% |
| Gross Margin | 55.4% | 55.9% | 77.9% | -0.6pp | -22.5pp |
| Net Margin | 16.9% | 16.0% | 21.9% | 1.0pp | -5.0pp |
| EPS (Diluted) | $1.98 | $1.85 | $1.81 | 7.0% | 9.4% |
| Free Cash Flow | $226M | $146M | $202M | 54.9% | 12.1% |
| Item | Amount |
|---|---|
| REVENUE | $570M |
| Cost of Revenue | $255M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $133M |
| SG&A Expenses | $140M |
| Other Expenses | $57M |
| Operating Expenses | $197M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $119M |
| Interest Income | $472M |
| Interest Expense | $250M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $15M |
| EBIT | $119M |
| EBITDA | $134M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $570M |
| Cost of Revenue | $255M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $133M |
| SG&A Expenses | $140M |
| Other Expenses | $57M |
| Operating Expenses | $197M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $119M |
| Interest Income | $472M |
| Interest Expense | $250M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $15M |
| EBIT | $119M |
| EBITDA | $134M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$788.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $232M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $319M |
| Other Investing Activities | -$353M |
| NET CASH FROM INVESTING | -$145M |
| Net Debt Issuance | $500M |
| Common Stock Repurchased | -$194.0K |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$381M |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | $226M |
| Net Change in Cash | $188M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $6.3B |
| Net Receivables | $478M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.8B |
| PP&E (Net) | $249M |
| Goodwill | $207M |
| Intangible Assets | $73M |
| Long-Term Investments | $28.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $30.6B |
| TOTAL ASSETS | $41.5B |
| Account Payables | $0 |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33.4B |
| TOTAL CURRENT LIABILITIES | $37.8B |
| Long-Term Debt | $383M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $467M |
| TOTAL NON-CURRENT LIABILITIES | $849M |
| TOTAL LIABILITIES | $38.7B |
| Common Stock | $55M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.8B |
| Treasury Stock | -$344M |
| Accum. Other Comp. Income | -$792M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $41.5B |
| Total Debt | $4.4B |
| Net Debt | $430M |
