| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $523M | $488M | $332M | 7.2% | 57.5% |
| Op. Income | $182M | $176M | $67M | 3.4% | 171.6% |
| Gross Margin | 76.9% | 79.3% | 88.6% | -2.4pp | -11.7pp |
| Net Margin | 28.1% | 28.5% | 16.0% | -0.4pp | 12.1pp |
| EPS (Diluted) | $0.40 | $0.38 | $0.15 | 5.3% | 166.7% |
| Free Cash Flow | -$14M | $160M | $331M | -108.7% | -104.2% |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $127M |
| SG&A Expenses | $131M |
| Other Expenses | $89M |
| Operating Expenses | $220M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $182M |
| Interest Income | $444M |
| Interest Expense | $107M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $21M |
| EBIT | $182M |
| EBITDA | $203M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $402M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $127M |
| SG&A Expenses | $131M |
| Other Expenses | $89M |
| Operating Expenses | $220M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $182M |
| Interest Income | $444M |
| Interest Expense | $107M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $21M |
| EBIT | $182M |
| EBITDA | $203M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$150M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $206M |
| Other Investing Activities | -$415M |
| NET CASH FROM INVESTING | -$317M |
| Net Debt Issuance | $982M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | -$577M |
| NET CASH FROM FINANCING | $347M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $3.2B |
| Net Receivables | $562M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $452M |
| Goodwill | $2.5B |
| Intangible Assets | $84M |
| Long-Term Investments | $33.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $38.7B |
| TOTAL ASSETS | $44.1B |
| Account Payables | $0 |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.2B |
| TOTAL CURRENT LIABILITIES | $36.2B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $721M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $38.4B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$172M |
| Accum. Other Comp. Income | -$315M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $44.1B |
| Total Debt | $3.4B |
| Net Debt | $1.7B |
