| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226M | $227M | $169M | -0.4% | 33.8% |
| Op. Income | $43M | $82M | $53M | -47.8% | -18.9% |
| Gross Margin | 66.3% | 80.4% | 93.9% | -14.0pp | -27.5pp |
| Net Margin | 15.8% | 31.1% | 25.9% | -15.3pp | -10.1pp |
| EPS (Diluted) | $0.44 | $0.90 | $0.54 | -51.1% | -18.5% |
| Free Cash Flow | $61M | $77M | $111M | -21.2% | -45.0% |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $64M |
| SG&A Expenses | $67M |
| Other Expenses | $40M |
| Operating Expenses | $107M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $43M |
| Interest Income | $218M |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $10M |
| EBIT | $43M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $64M |
| SG&A Expenses | $67M |
| Other Expenses | $40M |
| Operating Expenses | $107M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $43M |
| Interest Income | $218M |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $10M |
| EBIT | $43M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $611M |
| Other Investing Activities | -$144M |
| NET CASH FROM INVESTING | $403M |
| Net Debt Issuance | -$910M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $522M |
| NET CASH FROM FINANCING | -$413M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371M |
| Short-Term Investments | $2.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $116M |
| Goodwill | $925M |
| Intangible Assets | $24M |
| Long-Term Investments | $15.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $17.5B |
| TOTAL ASSETS | $20.1B |
| Account Payables | $0 |
| Short-Term Debt | $409M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.5B |
| TOTAL CURRENT LIABILITIES | $16.9B |
| Long-Term Debt | $390M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $408M |
| TOTAL NON-CURRENT LIABILITIES | $798M |
| TOTAL LIABILITIES | $17.7B |
| Common Stock | $99M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $930M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$362M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $20.1B |
| Total Debt | $799M |
| Net Debt | $427M |
