| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $872M | 2.1% | 36.5% |
| Op. Income | $228M | $226M | $278M | 0.9% | -18.0% |
| Gross Margin | 60.8% | 63.0% | 86.8% | -2.1pp | -26.0pp |
| Net Margin | 14.7% | 15.0% | 24.9% | -0.3pp | -10.2pp |
| EPS (Diluted) | $1.13 | $1.12 | $1.40 | 0.9% | -19.3% |
| Free Cash Flow | $280M | $576M | $120M | -51.4% | 133.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $466M |
| GROSS PROFIT | $724M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $331M |
| SG&A Expenses | $341M |
| Other Expenses | $155M |
| Operating Expenses | $496M |
| Cost & Expenses | $962M |
| OPERATING INCOME | $228M |
| Interest Income | $1.0B |
| Interest Expense | $425M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $36M |
| EBIT | $228M |
| EBITDA | $264M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $466M |
| GROSS PROFIT | $724M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $331M |
| SG&A Expenses | $341M |
| Other Expenses | $155M |
| Operating Expenses | $496M |
| Cost & Expenses | $962M |
| OPERATING INCOME | $228M |
| Interest Income | $1.0B |
| Interest Expense | $425M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $53M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $36M |
| EBIT | $228M |
| EBITDA | $264M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $34M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $311M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$202M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $69M |
| NET CASH FROM INVESTING | -$148M |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$73M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | -$164M |
| FREE CASH FLOW | $280M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $10.2B |
| Net Receivables | $373M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $66.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.1B |
| TOTAL NON-CURRENT ASSETS | $74.3B |
| TOTAL ASSETS | $87.3B |
| Account Payables | $0 |
| Short-Term Debt | $4.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75.4B |
| TOTAL CURRENT LIABILITIES | $79.7B |
| Long-Term Debt | $536M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $82.0B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $87.3B |
| Total Debt | $4.9B |
| Net Debt | $2.5B |
