| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $265M | $247M | 12.8% | 21.1% |
| Op. Income | $225M | $193M | $199M | 16.6% | 13.1% |
| Gross Margin | 75.3% | 73.2% | 84.2% | 2.0pp | -9.0pp |
| Net Margin | 75.3% | 68.3% | 80.6% | 6.9pp | -5.3pp |
| EPS (Diluted) | $0.79 | $0.41 | $1.61 | 92.7% | -50.9% |
| Free Cash Flow | -$125M | -$91M | -$25M | -37.4% | -400.0% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $225M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$12M |
| Operating Expenses | $0 |
| Cost & Expenses | $74M |
| OPERATING INCOME | $225M |
| Interest Income | $304M |
| Interest Expense | $74M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $0 |
| EBIT | $225M |
| EBITDA | $225M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $225M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$12M |
| Operating Expenses | $0 |
| Cost & Expenses | $74M |
| OPERATING INCOME | $225M |
| Interest Income | $304M |
| Interest Expense | $74M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $0 |
| EBIT | $225M |
| EBITDA | $225M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $225M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | -$288M |
| OPERATING CASH FLOW | -$125M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$395M |
| Net Debt Issuance | $697M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$176M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $512M |
| FREE CASH FLOW | -$125M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $369M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16.6B |
| TOTAL NON-CURRENT ASSETS | $16.6B |
| TOTAL ASSETS | $18.0B |
| Account Payables | $278M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $278M |
| Long-Term Debt | $9.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $18.0B |
| Total Debt | $9.8B |
| Net Debt | $9.5B |
