| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $786M | 4.3% | 46.1% |
| Op. Income | $278M | $260M | $330M | 6.8% | -15.7% |
| Gross Margin | 60.3% | 57.2% | 78.9% | 3.1pp | -18.6pp |
| Net Margin | 18.9% | 19.6% | 33.6% | -0.7pp | -14.7pp |
| EPS (Diluted) | $1.97 | $1.96 | $2.42 | 0.5% | -18.6% |
| Free Cash Flow | -$596M | -$490M | $454M | -21.7% | -231.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $456M |
| GROSS PROFIT | $692M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $137M |
| SG&A Expenses | $142M |
| Other Expenses | $272M |
| Operating Expenses | $414M |
| Cost & Expenses | $870M |
| OPERATING INCOME | $278M |
| Interest Income | $1.0B |
| Interest Expense | $440M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $16M |
| EBIT | $278M |
| EBITDA | $294M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $456M |
| GROSS PROFIT | $692M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $137M |
| SG&A Expenses | $142M |
| Other Expenses | $272M |
| Operating Expenses | $414M |
| Cost & Expenses | $870M |
| OPERATING INCOME | $278M |
| Interest Income | $1.0B |
| Interest Expense | $440M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $278M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $16M |
| EBIT | $278M |
| EBITDA | $294M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$1.0B |
| Change in Working Capital | $201M |
| OPERATING CASH FLOW | -$570M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $683M |
| Other Investing Activities | $509M |
| NET CASH FROM INVESTING | -$646M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $2.6B |
| FREE CASH FLOW | -$596M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $3.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $477M |
| Goodwill | $527M |
| Intangible Assets | $1.4B |
| Long-Term Investments | $59.4B |
| Tax Assets | $365M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $64.2B |
| TOTAL ASSETS | $70.9B |
| Account Payables | $0 |
| Short-Term Debt | $8.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54.3B |
| TOTAL CURRENT LIABILITIES | $62.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $65.1B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.1B |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | -$733M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $70.9B |
| Total Debt | $9.8B |
| Net Debt | $6.3B |
