| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | $197M | $34M | 8.9% | 532.9% |
| Op. Income | $169M | $270M | -$23M | -37.6% | 846.2% |
| Gross Margin | 90.7% | 76.2% | 65.5% | 14.5pp | 25.2pp |
| Net Margin | 20.9% | 42.5% | 1.5% | -21.6pp | 19.5pp |
| EPS (Diluted) | $0.33 | $0.70 | $-0.06 | -52.9% | 650.0% |
| Free Cash Flow | $136M | $545M | $76M | -75.1% | 77.8% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $194M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $26M |
| Operating Expenses | $26M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $169M |
| Interest Income | $155M |
| Interest Expense | $29M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | -$7M |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $0 |
| EBIT | $169M |
| EBITDA | $169M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $194M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $26M |
| Operating Expenses | $26M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $169M |
| Interest Income | $155M |
| Interest Expense | $29M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | -$7M |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $0 |
| EBIT | $169M |
| EBITDA | $169M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $81M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$558M |
| Net Debt Issuance | $811M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$145M |
| Other Financing Activities | -$187M |
| NET CASH FROM FINANCING | $480M |
| FREE CASH FLOW | $136M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $495M |
| Short-Term Investments | $170M |
| Net Receivables | $158M |
| Inventory | $0 |
| Other Current Assets | -$762M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $147M |
| TOTAL ASSETS | $8.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $510M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $325M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $3.7B |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $2.5B |
| Net Debt | $2.0B |
