| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $444M | $805M | $332M | -44.8% | 33.7% |
| Op. Income | $65M | $403M | $81M | -83.8% | -18.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 7.4% | 10.0% | 21.9% | -2.6pp | -14.5pp |
| EPS (Diluted) | $0.05 | $0.14 | $0.11 | -63.6% | -54.9% |
| Free Cash Flow | $491M | $45M | $83M | 987.2% | 490.8% |
| Item | Amount |
|---|---|
| REVENUE | $444M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $444M |
| R&D Expenses | $273M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $106M |
| Operating Expenses | $379M |
| Cost & Expenses | $379M |
| OPERATING INCOME | $65M |
| Interest Income | $30M |
| Interest Expense | $940.0K |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $444M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $444M |
| R&D Expenses | $273M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $106M |
| Operating Expenses | $379M |
| Cost & Expenses | $379M |
| OPERATING INCOME | $65M |
| Interest Income | $30M |
| Interest Expense | $940.0K |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $448M |
| OPERATING CASH FLOW | $507M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$97M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $491M |
| Net Change in Cash | $375M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.9B |
| Net Receivables | $501M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $250M |
| Goodwill | $0 |
| Intangible Assets | $21M |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $4.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $292M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $502M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $130M |
| Net Debt | -$1.8B |
