| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $318M | -$26M | -71.1% | 450.6% |
| Op. Income | $17M | $196M | $19M | -91.4% | -13.0% |
| Gross Margin | 21.1% | 70.3% | 217.6% | -49.2pp | -196.5pp |
| Net Margin | 49.7% | 54.9% | -67.3% | -5.3pp | 116.9pp |
| EPS (Diluted) | $0.39 | $1.65 | $0.11 | -76.4% | 256.2% |
| Free Cash Flow | $210M | $211M | $219M | -0.2% | -3.8% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $17M |
| Interest Income | $67M |
| Interest Expense | $17M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | -$7M |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $110M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $17M |
| Interest Income | $67M |
| Interest Expense | $17M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | -$7M |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $110M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $64M |
| Change in Working Capital | $122M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | $268M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $113M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | $210M |
| Net Change in Cash | $286M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $463M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $0 |
| Other Current Assets | -$558M |
| TOTAL CURRENT ASSETS | $194M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $132M |
| TOTAL NON-CURRENT ASSETS | $132M |
| TOTAL ASSETS | $6.1B |
| Account Payables | $0 |
| Short-Term Debt | $754M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$754M |
| TOTAL CURRENT LIABILITIES | $754M |
| Long-Term Debt | $162M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $296M |
| TOTAL NON-CURRENT LIABILITIES | $459M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $284M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $3.2B |
| TOTAL EQUITY | $4.9B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $916M |
| Net Debt | $453M |
