| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.3B | -3.3% | -11.6% |
| Op. Income | $87M | $64M | -$104M | 36.4% | 183.3% |
| Gross Margin | -1.9% | 18.7% | 6.8% | -20.6pp | -8.8pp |
| Net Margin | 6.2% | 4.4% | -6.2% | 1.9pp | 12.4pp |
| EPS (Diluted) | $1.10 | $0.80 | $-1.25 | 37.5% | 188.0% |
| Free Cash Flow | $28M | -$46M | -$5M | 160.9% | 677.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | -$22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $85M |
| SG&A Expenses | $85M |
| Other Expenses | -$194M |
| Operating Expenses | -$109M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $87M |
| Interest Income | $83M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $15M |
| EBIT | $101M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$327M |
| Sales/Maturities of Investments | $377M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $525M |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | -$1.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$9.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $12.6B |
| Account Payables | $0 |
| Short-Term Debt | $450M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$450M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $940M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | -$1.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $6M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$335M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
