| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | $274M | $280M | 0.6% | -1.9% |
| Op. Income | $245M | $261M | $175M | -6.2% | 40.1% |
| Gross Margin | 93.6% | 100.0% | 66.8% | -6.4pp | 26.8pp |
| Net Margin | 69.4% | 74.8% | 48.9% | -5.4pp | 20.5pp |
| EPS (Diluted) | $1.17 | $1.25 | $0.84 | -6.4% | 39.3% |
| Free Cash Flow | $100M | $141M | $148M | -28.8% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $245M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $245M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $0 |
| EBIT | $258M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $245M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $245M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $191M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $191M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $0 |
| EBIT | $258M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $191M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$62.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$447M |
| Sales/Maturities of Investments | $322M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $536M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $576M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4.9B |
| Tax Assets | $135M |
| Other Non-Current Assets | $131M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $213M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $213M |
| Long-Term Debt | $742M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $651M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$427M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $742M |
| Net Debt | $206M |
