| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $567M | $613M | $588M | -7.5% | -3.6% |
| Op. Income | $370M | $406M | $422M | -8.9% | -12.3% |
| Gross Margin | 69.3% | 70.5% | 75.5% | -1.2pp | -6.2pp |
| Net Margin | 63.0% | 64.3% | 70.2% | -1.3pp | -7.3pp |
| EPS (Diluted) | $0.55 | $0.62 | $0.70 | -11.3% | -21.4% |
| Free Cash Flow | $410M | $337M | $302M | 21.7% | 35.8% |
| Item | Amount |
|---|---|
| REVENUE | $567M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $13M |
| Operating Expenses | $23M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $370M |
| Interest Income | $542M |
| Interest Expense | $174M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $357M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $357M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $357M |
| D&A | $0 |
| EBIT | $370M |
| EBITDA | $370M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $567M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $13M |
| Operating Expenses | $23M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $370M |
| Interest Income | $542M |
| Interest Expense | $174M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $370M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $357M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $357M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $357M |
| D&A | $0 |
| EBIT | $370M |
| EBITDA | $370M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $357M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$59M |
| Change in Working Capital | $112M |
| OPERATING CASH FLOW | $410M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$678M |
| Net Debt Issuance | $300M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$303M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $504M |
| FREE CASH FLOW | $410M |
| Net Change in Cash | $236M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $635M |
| Short-Term Investments | $0 |
| Net Receivables | $516M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.1B |
| TOTAL NON-CURRENT ASSETS | $27.1B |
| TOTAL ASSETS | $28.3B |
| Account Payables | $406M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $406M |
| Long-Term Debt | $13.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $734M |
| TOTAL NON-CURRENT LIABILITIES | $14.5B |
| TOTAL LIABILITIES | $14.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $12.5B |
| Retained Earnings | $852M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.4B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $13.8B |
| Net Debt | $13.1B |
