| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | $263M | $231M | -0.3% | 13.5% |
| Op. Income | $55M | $47M | $75M | 16.8% | -27.4% |
| Gross Margin | 57.8% | 58.8% | 73.1% | -1.1pp | -15.3pp |
| Net Margin | 18.3% | 16.1% | 27.7% | 2.1pp | -9.4pp |
| EPS (Diluted) | $0.80 | $0.71 | $1.07 | 12.7% | -25.2% |
| Free Cash Flow | $59M | $86M | $88M | -31.7% | -32.8% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $152M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $63M |
| SG&A Expenses | $64M |
| Other Expenses | $33M |
| Operating Expenses | $97M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $55M |
| Interest Income | $236M |
| Interest Expense | $109M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $3M |
| EBIT | $55M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $152M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $63M |
| SG&A Expenses | $64M |
| Other Expenses | $33M |
| Operating Expenses | $97M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $55M |
| Interest Income | $236M |
| Interest Expense | $109M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $3M |
| EBIT | $55M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $94M |
| NET CASH FROM INVESTING | $83M |
| Net Debt Issuance | -$167M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $63M |
| NET CASH FROM FINANCING | -$154M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $511M |
| Short-Term Investments | $1.6B |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $133M |
| Goodwill | $712M |
| Intangible Assets | $25M |
| Long-Term Investments | $14.4B |
| Tax Assets | $101M |
| Other Non-Current Assets | $684M |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $18.3B |
| Account Payables | $19M |
| Short-Term Debt | $130M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.9B |
| TOTAL CURRENT LIABILITIES | $15.0B |
| Long-Term Debt | $731M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $328M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $16.1B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$198M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $18.3B |
| Total Debt | $862M |
| Net Debt | $351M |
