| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $375M | $585M | -38.7% | -60.7% |
| Op. Income | $121M | $224M | $489M | -46.0% | -75.3% |
| Gross Margin | 62.2% | 77.9% | 87.0% | -15.7pp | -24.8pp |
| Net Margin | 48.3% | 56.3% | 81.7% | -8.0pp | -33.4pp |
| EPS (Diluted) | $0.22 | $0.43 | $1.09 | -48.8% | -79.8% |
| Free Cash Flow | $243M | -$21M | $294M | 1257.1% | -17.3% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $14M |
| Operating Expenses | $22M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $121M |
| Interest Income | $319M |
| Interest Expense | $87M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $0 |
| EBIT | $121M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $14M |
| Operating Expenses | $22M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $121M |
| Interest Income | $319M |
| Interest Expense | $87M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $0 |
| EBIT | $121M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $78M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $243M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$223M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | $243M |
| Net Change in Cash | -$453M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $0 |
| Net Receivables | $235M |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $496M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $21.3B |
| TOTAL ASSETS | $21.8B |
| Account Payables | $194M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $570M |
| Long-Term Debt | $11.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $11.9B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.1B |
| Retained Earnings | $196M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.3B |
| TOTAL LIABILITIES & EQUITY | $21.8B |
| Total Debt | $11.9B |
| Net Debt | $11.7B |
