| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $489M | $429M | $230M | 14.0% | 112.6% |
| Op. Income | $337M | $280M | $121M | 20.4% | 178.5% |
| Gross Margin | 73.8% | 70.4% | 62.2% | 3.4pp | 11.7pp |
| Net Margin | 67.7% | 64.8% | 48.3% | 2.9pp | 19.4pp |
| EPS (Diluted) | $0.59 | $0.51 | $0.22 | 15.7% | 168.2% |
| Free Cash Flow | $184M | $234M | $243M | -21.4% | -24.3% |
| Item | Amount |
|---|---|
| REVENUE | $489M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $13M |
| Operating Expenses | $24M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $337M |
| Interest Income | $476M |
| Interest Expense | $128M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $337M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $335M |
| D&A | $0 |
| EBIT | $337M |
| EBITDA | $337M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $489M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $13M |
| Operating Expenses | $24M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $337M |
| Interest Income | $476M |
| Interest Expense | $128M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $337M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $335M |
| D&A | $0 |
| EBIT | $337M |
| EBITDA | $337M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $331M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$86M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $184M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$232M |
| Net Debt Issuance | $162M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$253M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $124M |
| FREE CASH FLOW | $184M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $411M |
| Short-Term Investments | $0 |
| Net Receivables | $186M |
| Inventory | $0 |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $639M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $21.6B |
| TOTAL ASSETS | $22.2B |
| Account Payables | $86M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $413M |
| Long-Term Debt | $11.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | $80M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.4B |
| TOTAL LIABILITIES & EQUITY | $22.2B |
| Total Debt | $11.5B |
| Net Debt | $11.1B |
