| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29.8B | — | $22.0B | — | 35.9% |
| Op. Income | $6.5B | — | $4.5B | — | 46.3% |
| Gross Margin | 65.9% | — | 85.5% | — | -19.6pp |
| Net Margin | 19.3% | — | 16.4% | — | 3.0pp |
| EPS (Diluted) | $1.48 | — | $0.85 | — | 74.1% |
| Free Cash Flow | $15.5B | — | $12.0B | — | 29.0% |
| Item | Amount |
|---|---|
| REVENUE | $29.8B |
| Cost of Revenue | $10.2B |
| GROSS PROFIT | $19.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $215M |
| General & Administrative | $8.8B |
| SG&A Expenses | $9.0B |
| Other Expenses | $4.1B |
| Operating Expenses | $13.1B |
| Cost & Expenses | $23.3B |
| OPERATING INCOME | $6.5B |
| Interest Income | $22.1B |
| Interest Expense | $9.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.5B |
| Income Tax Expense | $811M |
| Net Income from Continuing Ops | $5.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.5B |
| D&A | $1.6B |
| EBIT | $6.5B |
| EBITDA | $8.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $29.8B |
| Cost of Revenue | $10.2B |
| GROSS PROFIT | $19.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $215M |
| General & Administrative | $8.8B |
| SG&A Expenses | $9.0B |
| Other Expenses | $4.1B |
| Operating Expenses | $13.1B |
| Cost & Expenses | $23.3B |
| OPERATING INCOME | $6.5B |
| Interest Income | $22.1B |
| Interest Expense | $9.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6.5B |
| Income Tax Expense | $811M |
| Net Income from Continuing Ops | $5.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.5B |
| D&A | $1.6B |
| EBIT | $6.5B |
| EBITDA | $8.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5.8B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$2.1B |
| Change in Working Capital | $10.3B |
| OPERATING CASH FLOW | $15.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6.5B |
| Sales/Maturities of Investments | $13.1B |
| Other Investing Activities | $1.1B |
| NET CASH FROM INVESTING | $7.6B |
| Net Debt Issuance | $32.9B |
| Common Stock Repurchased | -$3.2B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | $9.3B |
| NET CASH FROM FINANCING | $39.2B |
| FREE CASH FLOW | $15.5B |
| Net Change in Cash | $62.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217.9B |
| Short-Term Investments | $16.5B |
| Net Receivables | $51.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $285.4B |
| PP&E (Net) | $17.6B |
| Goodwill | $25.2B |
| Intangible Assets | $9.7B |
| Long-Term Investments | $1.4T |
| Tax Assets | $0 |
| Other Non-Current Assets | $219.3B |
| TOTAL NON-CURRENT ASSETS | $1.6T |
| TOTAL ASSETS | $1.9T |
| Account Payables | $0 |
| Short-Term Debt | $93.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4T |
| TOTAL CURRENT LIABILITIES | $1.5T |
| Long-Term Debt | $190.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23.5B |
| TOTAL NON-CURRENT LIABILITIES | $213.5B |
| TOTAL LIABILITIES | $1.7T |
| Common Stock | $9.1B |
| Additional Paid-In Capital | $60.4B |
| Retained Earnings | $199.3B |
| Treasury Stock | -$91.2B |
| Accum. Other Comp. Income | -$15.9B |
| Other Equity | -$429M |
| TOTAL STOCKHOLDERS' EQUITY | $180.7B |
| Minority Interest | $1.7B |
| TOTAL EQUITY | $182.4B |
| TOTAL LIABILITIES & EQUITY | $1.9T |
| Total Debt | $283.4B |
| Net Debt | $65.5B |
