| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $253M | $226M | $185M | 12.1% | 36.5% |
| Op. Income | $65M | $43M | $75M | 50.3% | -13.6% |
| Gross Margin | 66.7% | 66.3% | 92.7% | 0.3pp | -26.0pp |
| Net Margin | 21.8% | 15.8% | 33.6% | 6.0pp | -11.8pp |
| EPS (Diluted) | $0.70 | $0.44 | $0.79 | 59.1% | -11.4% |
| Free Cash Flow | $71M | $61M | $87M | 17.0% | -17.8% |
| Item | Amount |
|---|---|
| REVENUE | $253M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $169M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $66M |
| SG&A Expenses | $69M |
| Other Expenses | $35M |
| Operating Expenses | $104M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $65M |
| Interest Income | $230M |
| Interest Expense | $78M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $10M |
| EBIT | $65M |
| EBITDA | $74M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $253M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $169M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $66M |
| SG&A Expenses | $69M |
| Other Expenses | $35M |
| Operating Expenses | $104M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $65M |
| Interest Income | $230M |
| Interest Expense | $78M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $10M |
| EBIT | $65M |
| EBITDA | $74M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $55M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | -$472M |
| NET CASH FROM INVESTING | -$468M |
| Net Debt Issuance | $521M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | $452M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $427M |
| Short-Term Investments | $2.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $115M |
| Goodwill | $925M |
| Intangible Assets | $23M |
| Long-Term Investments | $15.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $18.0B |
| TOTAL ASSETS | $20.6B |
| Account Payables | $0 |
| Short-Term Debt | $930M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.4B |
| TOTAL CURRENT LIABILITIES | $17.3B |
| Long-Term Debt | $390M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $446M |
| TOTAL NON-CURRENT LIABILITIES | $836M |
| TOTAL LIABILITIES | $18.2B |
| Common Stock | $99M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $960M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$411M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $20.6B |
| Total Debt | $1.3B |
| Net Debt | $894M |
