| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $280M | $286M | -2.6% | -4.4% |
| Op. Income | $195M | $175M | $115M | 11.6% | 69.9% |
| Gross Margin | 76.1% | 66.8% | 44.6% | 9.3pp | 31.5pp |
| Net Margin | 56.3% | 48.9% | 31.9% | 7.3pp | 24.3pp |
| EPS (Diluted) | $0.94 | $0.84 | $0.56 | 11.9% | 67.9% |
| Free Cash Flow | $161M | $148M | $144M | 8.8% | 12.0% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $208M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $195M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $0 |
| EBIT | $208M |
| EBITDA | $208M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $208M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $195M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $0 |
| EBIT | $208M |
| EBITDA | $208M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $154M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$379M |
| Sales/Maturities of Investments | $419M |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$200M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $161M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $426M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $468M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.3B |
| Tax Assets | $48M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $246M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $758M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $737M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $84M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $776M |
| Net Debt | $350M |
