| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $639M | $588M | $429M | 8.7% | 49.0% |
| Op. Income | $456M | $422M | $280M | 8.1% | 62.9% |
| Gross Margin | 77.5% | 75.5% | 70.4% | 2.0pp | 7.1pp |
| Net Margin | 70.3% | 70.2% | 64.8% | 0.0pp | 5.5pp |
| EPS (Diluted) | $0.76 | $0.70 | $0.51 | 8.6% | 49.0% |
| Free Cash Flow | $221M | $302M | $234M | -26.8% | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $495M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $29M |
| Operating Expenses | $39M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $456M |
| Interest Income | $513M |
| Interest Expense | $144M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $456M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $449M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $0 |
| EBIT | $456M |
| EBITDA | $456M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $495M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $29M |
| Operating Expenses | $39M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $456M |
| Interest Income | $513M |
| Interest Expense | $144M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $456M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $449M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449M |
| D&A | $0 |
| EBIT | $456M |
| EBITDA | $456M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $449M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$223M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $221M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$242M |
| Net Debt Issuance | $234M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$270M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | $221M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $509M |
| Short-Term Investments | $0 |
| Net Receivables | $464M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $973M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23.3B |
| TOTAL NON-CURRENT ASSETS | $23.3B |
| TOTAL ASSETS | $24.3B |
| Account Payables | $121M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $121M |
| Long-Term Debt | $11.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $519M |
| TOTAL NON-CURRENT LIABILITIES | $12.3B |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $11.3B |
| Retained Earnings | $620M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $24.3B |
| Total Debt | $11.7B |
| Net Debt | $11.2B |
