| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $461M | $485M | $268M | -5.0% | 72.1% |
| Op. Income | $151M | $155M | $54M | -2.4% | 179.6% |
| Gross Margin | 48.4% | 47.7% | 45.4% | 0.8pp | 3.1pp |
| Net Margin | 29.0% | 27.6% | 18.1% | 1.4pp | 10.9pp |
| EPS (Diluted) | $2.11 | $2.10 | $0.77 | 0.5% | 174.0% |
| Free Cash Flow | $93M | $117M | $54M | -20.6% | 73.4% |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $223M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $310M |
| OPERATING INCOME | $151M |
| Interest Income | $471.0K |
| Interest Expense | $40.0K |
| Other Income/Expenses | $431.0K |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $5M |
| EBIT | $152M |
| EBITDA | $157M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $223M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $310M |
| OPERATING INCOME | $151M |
| Interest Income | $471.0K |
| Interest Expense | $40.0K |
| Other Income/Expenses | $431.0K |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $5M |
| EBIT | $152M |
| EBITDA | $157M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $134M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $96M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$118.0K |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $441M |
| Short-Term Investments | $367M |
| Net Receivables | $432M |
| Inventory | $197M |
| Other Current Assets | $128.0K |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $106M |
| Goodwill | $72M |
| Intangible Assets | $41M |
| Long-Term Investments | $6M |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $241M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $149M |
| Short-Term Debt | $0 |
| Deferred Revenue | $88M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $497M |
| Common Stock | $548M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | -$409M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $41M |
| Net Debt | -$400M |
