| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $293M | $295M | $298M | -0.5% | -1.6% |
| Op. Income | $316M | $219M | $194M | 44.0% | 62.9% |
| Gross Margin | 132.8% | 105.6% | 89.2% | 27.2pp | 43.6pp |
| Net Margin | 85.0% | 59.4% | 51.4% | 25.6pp | 33.7pp |
| EPS (Diluted) | $0.79 | $0.54 | $0.44 | 46.3% | 79.5% |
| Free Cash Flow | $132M | $227M | $150M | -41.7% | -12.0% |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | -$96M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | -$23M |
| OPERATING INCOME | $316M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | -$719.0K |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $14M |
| EBIT | $329M |
| EBITDA | $343M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | -$96M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | -$23M |
| OPERATING INCOME | $316M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $316M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $249M |
| Net Income Deductions | -$719.0K |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $14M |
| EBIT | $329M |
| EBITDA | $343M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $249M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$146M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$282M |
| Sales/Maturities of Investments | $223M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$95M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$144M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $410M |
| Short-Term Investments | $5.7B |
| Net Receivables | $112M |
| Inventory | $0 |
| Other Current Assets | -$6.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $918M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$918M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.6B |
| Treasury Stock | -$888M |
| Accum. Other Comp. Income | -$326M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $918M |
| Net Debt | $508M |
