| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $609M | $597M | $516M | 2.2% | 18.1% |
| Op. Income | $327M | $313M | $314M | 4.3% | 4.0% |
| Gross Margin | 88.5% | 89.3% | 92.8% | -0.8pp | -4.3pp |
| Net Margin | 43.9% | 43.5% | 46.4% | 0.5pp | -2.5pp |
| EPS (Diluted) | $5.38 | $5.24 | $4.91 | 2.7% | 9.6% |
| Free Cash Flow | $281M | $62M | $190M | 355.4% | 47.8% |
| Item | Amount |
|---|---|
| REVENUE | $609M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $539M |
| R&D Expenses | $85M |
| Selling & Marketing | $21M |
| General & Administrative | $107M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $212M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $327M |
| Interest Income | $45M |
| Interest Expense | $16M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $268M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $268M |
| D&A | $13M |
| EBIT | $327M |
| EBITDA | $340M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $609M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $539M |
| R&D Expenses | $85M |
| Selling & Marketing | $21M |
| General & Administrative | $107M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $212M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $327M |
| Interest Income | $45M |
| Interest Expense | $16M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $268M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $268M |
| D&A | $13M |
| EBIT | $327M |
| EBITDA | $340M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $268M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $346M |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$645M |
| Sales/Maturities of Investments | $408M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$313M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $281M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.8B |
| Net Receivables | $259M |
| Inventory | $104M |
| Other Current Assets | $221M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $992M |
| Goodwill | $0 |
| Intangible Assets | $44M |
| Long-Term Investments | $2.1B |
| Tax Assets | $326M |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $333M |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $744M |
| Long-Term Debt | $500M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $567M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $800M |
| Net Debt | -$308M |
