| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $260M | $313M | -15.2% | -29.5% |
| Op. Income | $430M | $266M | $548M | 61.8% | -21.5% |
| Gross Margin | 94.2% | 94.3% | 96.6% | -0.1pp | -2.4pp |
| Net Margin | 150.3% | 62.8% | 117.4% | 87.5pp | 32.9pp |
| EPS (Diluted) | $3.91 | $1.80 | $3.94 | 117.2% | -0.8% |
| Free Cash Flow | $151M | $137M | $163M | 9.7% | -7.3% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $208M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$209M |
| OPERATING INCOME | $430M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $333M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $0 |
| EBIT | $430M |
| EBITDA | $430M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $208M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$209M |
| OPERATING INCOME | $430M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $333M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $331M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $331M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $331M |
| D&A | $0 |
| EBIT | $430M |
| EBITDA | $430M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $331M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$195M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $210M |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | $175M |
| Net Debt Issuance | -$245M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$344M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $328M |
| Short-Term Investments | $0 |
| Net Receivables | $74M |
| Inventory | $0 |
| Other Current Assets | -$402M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $16.0B |
| Account Payables | $0 |
| Short-Term Debt | $5.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $327M |
| TOTAL CURRENT LIABILITIES | $5.6B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$951M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $439M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $16.0B |
| Total Debt | $11.8B |
| Net Debt | $11.5B |
