| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $294M | $298M | 0.2% | -1.1% |
| Op. Income | $219M | $219M | $190M | 0.4% | 15.7% |
| Gross Margin | 105.6% | 107.3% | 85.8% | -1.7pp | 19.8pp |
| Net Margin | 59.4% | 59.1% | 50.3% | 0.3pp | 9.1pp |
| EPS (Diluted) | $0.54 | $0.52 | $0.43 | 3.8% | 25.6% |
| Free Cash Flow | $227M | $182M | $198M | 24.7% | 14.9% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | -$17M |
| GROSS PROFIT | $311M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $92M |
| Operating Expenses | $92M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $219M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $15M |
| EBIT | $234M |
| EBITDA | $250M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | -$17M |
| GROSS PROFIT | $311M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $92M |
| Operating Expenses | $92M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $219M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $15M |
| EBIT | $234M |
| EBITDA | $250M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | -$888.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$94M |
| Sales/Maturities of Investments | $444M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $349M |
| Net Debt Issuance | -$212M |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$31M |
| NET CASH FROM FINANCING | -$393M |
| FREE CASH FLOW | $227M |
| Net Change in Cash | $185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $477M |
| Short-Term Investments | $5.9B |
| Net Receivables | $122M |
| Inventory | $0 |
| Other Current Assets | -$6.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $935M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$935M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$794M |
| Accum. Other Comp. Income | -$151M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $935M |
| Net Debt | $458M |
