| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $505M | $444M | $476M | 13.7% | 6.1% |
| Op. Income | $390M | $339M | $385M | 15.0% | 1.3% |
| Gross Margin | 83.2% | 82.9% | 84.9% | 0.3pp | -1.7pp |
| Net Margin | 75.6% | 75.2% | 79.4% | 0.4pp | -3.8pp |
| EPS (Diluted) | $0.84 | $0.73 | $0.89 | 15.1% | -5.6% |
| Free Cash Flow | $339M | $264M | $293M | 28.4% | 15.7% |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $420M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $20M |
| Operating Expenses | $30M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $390M |
| Interest Income | $336M |
| Interest Expense | $85M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $0 |
| EBIT | $390M |
| EBITDA | $390M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $505M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $420M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $20M |
| Operating Expenses | $30M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $390M |
| Interest Income | $336M |
| Interest Expense | $85M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $390M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $0 |
| EBIT | $390M |
| EBITDA | $390M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $382M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$206M |
| Change in Working Capital | $163M |
| OPERATING CASH FLOW | $339M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.6B |
| Sales/Maturities of Investments | $3.5B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$182M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | $339M |
| Net Change in Cash | -$727M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $372M |
| Short-Term Investments | $0 |
| Net Receivables | $222M |
| Inventory | $0 |
| Other Current Assets | $114M |
| TOTAL CURRENT ASSETS | $708M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $20.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $20.1B |
| TOTAL ASSETS | $20.8B |
| Account Payables | $307M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $724M |
| Long-Term Debt | $11.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $11.3B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.6B |
| Retained Earnings | $315M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $20.8B |
| Total Debt | $11.2B |
| Net Debt | $10.8B |
