| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $354M | $346M | $225M | 2.5% | 57.5% |
| Op. Income | $114M | $99M | $73M | 14.9% | 55.9% |
| Gross Margin | 45.8% | 43.8% | 47.7% | 2.0pp | -1.9pp |
| Net Margin | 24.6% | 22.4% | 24.5% | 2.2pp | 0.1pp |
| EPS (Diluted) | $1.80 | $1.58 | $1.07 | 13.9% | 68.2% |
| Free Cash Flow | -$386M | $710M | -$303M | -154.4% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $13M |
| Operating Expenses | $48M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $114M |
| Interest Income | $314M |
| Interest Expense | $187M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $725.0K |
| EBIT | $114M |
| EBITDA | $115M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $13M |
| Operating Expenses | $48M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $114M |
| Interest Income | $314M |
| Interest Expense | $187M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $725.0K |
| EBIT | $114M |
| EBITDA | $115M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $725.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$396M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | -$384M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$171M |
| Purchases of Investments | -$198M |
| Sales/Maturities of Investments | $271M |
| Other Investing Activities | -$594M |
| NET CASH FROM INVESTING | -$695M |
| Net Debt Issuance | $872M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $144M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | -$386M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $509M |
| Short-Term Investments | $1.1B |
| Net Receivables | $90M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $42M |
| Goodwill | $8M |
| Intangible Assets | $172M |
| Long-Term Investments | $15.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $428M |
| TOTAL NON-CURRENT ASSETS | $16.2B |
| TOTAL ASSETS | $17.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.0B |
| TOTAL CURRENT LIABILITIES | $14.0B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $241M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $16.0B |
| Common Stock | $140M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $17.8B |
| Total Debt | $1.8B |
| Net Debt | $1.3B |
