| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $257M | $245M | 3.0% | 8.1% |
| Op. Income | $328M | $217M | $168M | 51.3% | 95.3% |
| Gross Margin | 140.4% | 101.3% | 86.8% | 39.0pp | 53.6pp |
| Net Margin | 103.6% | 70.4% | 55.4% | 33.2pp | 48.2pp |
| EPS (Diluted) | $2.52 | $1.64 | $1.21 | 53.7% | 108.3% |
| Free Cash Flow | $180M | $190M | $187M | -5.5% | -3.9% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | -$107M |
| GROSS PROFIT | $371M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $18M |
| Operating Expenses | $43M |
| Cost & Expenses | -$64M |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $274M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | $755.0K |
| EBIT | $331M |
| EBITDA | $331M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | -$107M |
| GROSS PROFIT | $371M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $18M |
| Operating Expenses | $43M |
| Cost & Expenses | -$64M |
| OPERATING INCOME | $328M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $274M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $274M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $274M |
| D&A | $755.0K |
| EBIT | $331M |
| EBITDA | $331M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $274M |
| Depreciation & Amortization | $755.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$115M |
| OPERATING CASH FLOW | $181M |
| Capital Expenditure | -$716.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$508M |
| Sales/Maturities of Investments | $547M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$154.0K |
| NET CASH FROM FINANCING | -$97M |
| FREE CASH FLOW | $180M |
| Net Change in Cash | $122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $517M |
| Net Receivables | $45M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $766M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $4.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.7B |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $5.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $233M |
| TOTAL CURRENT LIABILITIES | $361M |
| Long-Term Debt | $420M |
| Deferred Revenue NC | -$420M |
| Deferred Tax Liabilities | $360M |
| Other Non-Current Liabilities | $650M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $420M |
| Net Debt | $216M |
