| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $351M | $92M | -44.0% | 113.5% |
| Op. Income | $270M | $321M | $17M | -15.9% | 1506.9% |
| Gross Margin | 76.2% | 71.2% | 21.1% | 4.9pp | 55.0pp |
| Net Margin | 42.5% | 40.7% | 49.7% | 1.8pp | -7.1pp |
| EPS (Diluted) | $0.77 | $1.26 | $0.46 | -38.9% | 67.4% |
| Free Cash Flow | $545M | $121M | $210M | 350.0% | 159.2% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$120M |
| Operating Expenses | -$120M |
| Cost & Expenses | -$73M |
| OPERATING INCOME | $270M |
| Interest Income | $126M |
| Interest Expense | $22M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $0 |
| EBIT | $270M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$120M |
| Operating Expenses | -$120M |
| Cost & Expenses | -$73M |
| OPERATING INCOME | $270M |
| Interest Income | $126M |
| Interest Expense | $22M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $248M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $248M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $0 |
| EBIT | $270M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $204M |
| Change in Working Capital | $257M |
| OPERATING CASH FLOW | $545M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $655M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$825M |
| Net Debt Issuance | $448M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | $390M |
| FREE CASH FLOW | $545M |
| Net Change in Cash | $105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $442M |
| Short-Term Investments | $250M |
| Net Receivables | $163M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $855M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.4B |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $419M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$507M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $549M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $403M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $3.7B |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $1.7B |
| Net Debt | $1.2B |
