| Metric | Q1 2021 | Q4 2020 | Q1 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $320M | $140M | -22.7% | 77.2% |
| Op. Income | $83M | $139M | $11M | -40.0% | 649.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 69.3% | 28.4% | 30.2% | 40.9pp | 39.2pp |
| EPS (Diluted) | $0.26 | $0.14 | $0.06 | 88.6% | 304.9% |
| Free Cash Flow | $181M | -$134M | $291M | 235.2% | -37.7% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $248M |
| R&D Expenses | $133M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $83M |
| Interest Income | $10M |
| Interest Expense | $470.0K |
| Other Income/Expenses | $140M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $9M |
| EBIT | $224M |
| EBITDA | $233M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $248M |
| R&D Expenses | $133M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $83M |
| Interest Income | $10M |
| Interest Expense | $470.0K |
| Other Income/Expenses | $140M |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $9M |
| EBIT | $224M |
| EBITDA | $233M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$76M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$86M |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $181M |
| Net Change in Cash | $99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.6B |
| Net Receivables | $290M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $132M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $142M |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $356M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $194M |
| TOTAL CURRENT LIABILITIES | $203M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $331M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $59M |
| Net Debt | -$1.2B |
