| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $375M | $505M | $516M | -25.7% | -27.3% |
| Op. Income | $224M | $390M | $378M | -42.6% | -40.7% |
| Gross Margin | 77.9% | 83.2% | 85.9% | -5.3pp | -8.0pp |
| Net Margin | 56.3% | 75.6% | 72.3% | -19.4pp | -16.0pp |
| EPS (Diluted) | $0.43 | $0.84 | $0.87 | -48.8% | -50.6% |
| Free Cash Flow | -$21M | $339M | $38M | -106.2% | -155.3% |
| Item | Amount |
|---|---|
| REVENUE | $375M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $58M |
| Operating Expenses | $68M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $224M |
| Interest Income | $310M |
| Interest Expense | $83M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $224M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $211M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $224M |
| EBITDA | $224M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $375M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $58M |
| Operating Expenses | $68M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $224M |
| Interest Income | $310M |
| Interest Expense | $83M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $224M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $211M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $215M |
| D&A | $0 |
| EBIT | $224M |
| EBITDA | $224M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $211M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$51M |
| Change in Working Capital | -$181M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $502M |
| Net Debt Issuance | -$555M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$208M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$253M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $695M |
| Short-Term Investments | $0 |
| Net Receivables | $133M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $847M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $19.6B |
| TOTAL ASSETS | $20.5B |
| Account Payables | $75M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $10.6B |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $308M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $20.5B |
| Total Debt | $10.7B |
| Net Debt | $10.0B |
