| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $288M | $243M | 2.4% | 21.4% |
| Op. Income | $170M | $160M | $115M | 6.3% | 47.8% |
| Gross Margin | 62.4% | 59.0% | 53.1% | 3.3pp | 9.3pp |
| Net Margin | 49.8% | 55.6% | 37.0% | -5.7pp | 12.8pp |
| EPS (Diluted) | $0.52 | $0.57 | $0.32 | -8.8% | 62.5% |
| Free Cash Flow | $978M | $81M | $150M | 1107.4% | 552.0% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $5M |
| Operating Expenses | $14M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $170M |
| Interest Income | $324M |
| Interest Expense | $111M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $0 |
| 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 | $147M |
| D&A | $0 |
| EBIT | $170M |
| EBITDA | $170M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $5M |
| Operating Expenses | $14M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $170M |
| Interest Income | $324M |
| Interest Expense | $111M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $0 |
| 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 | $147M |
| D&A | $0 |
| EBIT | $170M |
| EBITDA | $170M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $468M |
| Change in Working Capital | $363M |
| OPERATING CASH FLOW | $978M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$650M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$392M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $978M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $0 |
| Net Receivables | $373M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $669M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.5B |
| TOTAL NON-CURRENT ASSETS | $13.6B |
| TOTAL ASSETS | $14.2B |
| Account Payables | $110M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $136M |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $9.3B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $7.4B |
| Net Debt | $7.1B |
