| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $410M | $362M | $320M | 13.4% | 28.1% |
| Op. Income | $127M | $139M | $139M | -9.1% | -8.8% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 27.3% | 38.5% | 28.4% | -11.2pp | -1.1pp |
| EPS (Diluted) | $0.17 | $0.21 | $0.14 | -20.0% | 22.7% |
| Free Cash Flow | $27M | $58M | -$134M | -53.2% | 120.2% |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $410M |
| R&D Expenses | $203M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $284M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $127M |
| Interest Income | $5M |
| Interest Expense | $470.0K |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $10M |
| EBIT | $152M |
| EBITDA | $162M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $410M |
| R&D Expenses | $203M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $284M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $127M |
| Interest Income | $5M |
| Interest Expense | $470.0K |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $151M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $10M |
| EBIT | $152M |
| EBITDA | $162M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$79M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.6B |
| Net Receivables | $527M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $153M |
| Goodwill | $0 |
| Intangible Assets | $40M |
| Long-Term Investments | $58M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $296M |
| TOTAL ASSETS | $3.9B |
| Account Payables | $55M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $135M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $381M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $67M |
| Net Debt | -$1.3B |
