| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $294M | $284M | $284M | 3.7% | 3.7% |
| Op. Income | $220M | $230M | $196M | -4.3% | 12.4% |
| Gross Margin | 97.8% | 102.3% | 96.9% | -4.6pp | 0.9pp |
| Net Margin | 59.1% | 65.0% | 54.4% | -5.8pp | 4.7pp |
| EPS (Diluted) | $0.64 | $0.66 | $0.52 | -3.0% | 23.1% |
| Free Cash Flow | $191M | $186M | $212M | 2.6% | -10.1% |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $68M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $220M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $174M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $174M |
| D&A | $6M |
| EBIT | $229M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $68M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $220M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $174M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $174M |
| D&A | $6M |
| EBIT | $229M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $174M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $191M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$328M |
| Sales/Maturities of Investments | $354M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$95M |
| Common Dividends Paid | -$33M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$148M |
| FREE CASH FLOW | $191M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $431M |
| Short-Term Investments | $5.7B |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | -$6.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $5.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $796M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $644M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$644M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$326M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $644M |
| Net Debt | $212M |
