| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $376M | $372M | $357M | 1.2% | 5.4% |
| Op. Income | $254M | $249M | $237M | 2.3% | 7.4% |
| Gross Margin | 87.1% | 86.5% | 86.0% | 0.6pp | 1.1pp |
| Net Margin | 50.1% | 49.9% | 47.5% | 0.2pp | 2.6pp |
| EPS (Diluted) | $1.83 | $1.79 | $1.58 | 2.2% | 15.8% |
| Free Cash Flow | $217M | $139M | $255M | 56.1% | -15.1% |
| Item | Amount |
|---|---|
| REVENUE | $376M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $328M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $254M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $11M |
| EBIT | $267M |
| EBITDA | $278M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $376M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $328M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $254M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $11M |
| EBIT | $267M |
| EBITDA | $278M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $245M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $184M |
| Purchases of Investments | -$214M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$184M |
| NET CASH FROM INVESTING | -$213M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$222M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$218M |
| FREE CASH FLOW | $217M |
| Net Change in Cash | -$186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $786M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $247M |
| Goodwill | $53M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $224M |
| Other Non-Current Assets | $160M |
| TOTAL NON-CURRENT ASSETS | $689M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $321M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $12.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$13.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.6B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
