| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $296M | $230M | 0.4% | 29.2% |
| Op. Income | $203M | $209M | $173M | -3.1% | 17.3% |
| Gross Margin | 93.4% | 96.3% | 98.2% | -3.0pp | -4.8pp |
| Net Margin | 59.0% | 60.1% | 64.1% | -1.1pp | -5.1pp |
| EPS (Diluted) | $1.64 | $1.66 | $1.37 | -1.2% | 19.7% |
| Free Cash Flow | $213M | $194M | $171M | 9.9% | 24.8% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $42M |
| Operating Expenses | $75M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $203M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $1M |
| EBIT | $211M |
| EBITDA | $212M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $42M |
| Operating Expenses | $75M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $203M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $1M |
| EBIT | $211M |
| EBITDA | $212M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $215M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$441M |
| Sales/Maturities of Investments | $314M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $213M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $73M |
| Long-Term Investments | $277M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $361M |
| TOTAL CURRENT LIABILITIES | $500M |
| Long-Term Debt | $422M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $432M |
| TOTAL NON-CURRENT LIABILITIES | $853M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$280M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $422M |
| Net Debt | $280M |
