| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $385M | $379M | $343M | 1.6% | 12.4% |
| Op. Income | $97M | $90M | $79M | 7.8% | 24.1% |
| Gross Margin | 61.3% | 60.7% | 61.0% | 0.6pp | 0.3pp |
| Net Margin | 19.3% | 17.4% | 17.6% | 1.9pp | 1.7pp |
| EPS (Diluted) | $1.08 | $0.96 | $0.87 | 12.5% | 24.1% |
| Free Cash Flow | $15M | $207M | $128M | -92.7% | -88.2% |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $236M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $83M |
| SG&A Expenses | $85M |
| Other Expenses | $53M |
| Operating Expenses | $139M |
| Cost & Expenses | $288M |
| OPERATING INCOME | $97M |
| Interest Income | $329M |
| Interest Expense | $128M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $12M |
| EBIT | $97M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $385M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $236M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $83M |
| SG&A Expenses | $85M |
| Other Expenses | $53M |
| Operating Expenses | $139M |
| Cost & Expenses | $288M |
| OPERATING INCOME | $97M |
| Interest Income | $329M |
| Interest Expense | $128M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $12M |
| EBIT | $97M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$644.0K |
| Other Non-Cash Items | -$69M |
| Change in Working Capital | -$959.0K |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$71M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$339M |
| NET CASH FROM INVESTING | -$370M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $289M |
| NET CASH FROM FINANCING | $395M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $215M |
| Goodwill | $1.0B |
| Intangible Assets | $84M |
| Long-Term Investments | $20.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $847M |
| TOTAL NON-CURRENT ASSETS | $23.0B |
| TOTAL ASSETS | $25.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.0B |
| TOTAL CURRENT LIABILITIES | $21.0B |
| Long-Term Debt | $762M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $411M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $22.2B |
| Common Stock | $73M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $25.7B |
| Total Debt | $762M |
| Net Debt | -$449M |
