| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $302M | $112M | 4.7% | 181.1% |
| Op. Income | $206M | $198M | $45M | 4.0% | 358.8% |
| Gross Margin | 68.9% | 70.6% | 53.2% | -1.7pp | 15.7pp |
| Net Margin | 63.9% | 63.6% | 39.1% | 0.3pp | 24.7pp |
| EPS (Diluted) | $0.52 | $0.49 | $0.11 | 6.1% | 372.7% |
| Free Cash Flow | $100M | $156M | $46M | -36.2% | 116.7% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $12M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $206M |
| Interest Income | $334M |
| Interest Expense | $98M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $206M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $0 |
| EBIT | $206M |
| EBITDA | $206M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $12M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $206M |
| Interest Income | $334M |
| Interest Expense | $98M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $206M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $0 |
| EBIT | $206M |
| EBITDA | $206M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$227M |
| Sales/Maturities of Investments | $174M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $76M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$145M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$92M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $313M |
| Short-Term Investments | $0 |
| Net Receivables | $118M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $435M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.2B |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $129M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $250M |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $7.4B |
| Net Debt | $7.1B |
