| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $322M | $191M | $299M | 68.6% | 7.7% |
| Op. Income | $199M | $87M | $225M | 128.7% | -11.6% |
| Gross Margin | 65.8% | 44.5% | 75.3% | 21.3pp | -9.4pp |
| Net Margin | 61.8% | 35.1% | 75.3% | 26.7pp | -13.4pp |
| EPS (Diluted) | $0.71 | $0.24 | $0.79 | 195.8% | -10.1% |
| Free Cash Flow | $131M | $348M | -$125M | -62.4% | 204.8% |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $212M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $199M |
| Interest Income | $369M |
| Interest Expense | $110M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $0 |
| EBIT | $199M |
| EBITDA | $199M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $212M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $4M |
| Operating Expenses | $13M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $199M |
| Interest Income | $369M |
| Interest Expense | $110M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $0 |
| EBIT | $199M |
| EBITDA | $199M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $199M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$64M |
| OPERATING CASH FLOW | $131M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$270M |
| Sales/Maturities of Investments | $386M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $116M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | -$192M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$248M |
| FREE CASH FLOW | $131M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $0 |
| Net Receivables | $480M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $737M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15.3B |
| TOTAL NON-CURRENT ASSETS | $15.3B |
| TOTAL ASSETS | $16.1B |
| Account Payables | $270M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $270M |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $8.8B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $16.1B |
| Total Debt | $8.7B |
| Net Debt | $8.4B |
