| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $225M | $127M | 27.7% | 125.6% |
| Op. Income | $69M | $73M | $72M | -6.5% | -4.8% |
| Gross Margin | 39.0% | 47.7% | 81.6% | -8.7pp | -42.6pp |
| Net Margin | 22.7% | 24.5% | 42.4% | -1.7pp | -19.6pp |
| EPS (Diluted) | $1.31 | $1.07 | $1.11 | 22.4% | 18.0% |
| Free Cash Flow | -$243M | -$303M | -$422M | 19.6% | 42.3% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $175M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $14M |
| Operating Expenses | $43M |
| Cost & Expenses | $218M |
| OPERATING INCOME | $69M |
| Interest Income | $258M |
| Interest Expense | $152M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $699.0K |
| EBIT | $69M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $175M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $14M |
| Operating Expenses | $43M |
| Cost & Expenses | $218M |
| OPERATING INCOME | $69M |
| Interest Income | $258M |
| Interest Expense | $152M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $699.0K |
| EBIT | $69M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $699.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$197M |
| Change in Working Capital | -$110M |
| OPERATING CASH FLOW | -$241M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$229M |
| Sales/Maturities of Investments | $292M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$217M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $1.7B |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | -$243M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $377M |
| Short-Term Investments | $648M |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $37M |
| Goodwill | $16M |
| Intangible Assets | $148M |
| Long-Term Investments | $14.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $305M |
| TOTAL NON-CURRENT ASSETS | $14.8B |
| TOTAL ASSETS | $15.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.1B |
| TOTAL CURRENT LIABILITIES | $13.1B |
| Long-Term Debt | $942M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $297M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $14.3B |
| Common Stock | $139M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $929M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $15.9B |
| Total Debt | $942M |
| Net Debt | $565M |
