| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $312M | $316M | 0.5% | -0.9% |
| Op. Income | $188M | $194M | $206M | -3.0% | -8.6% |
| Gross Margin | 65.0% | 65.9% | 68.9% | -0.9pp | -3.9pp |
| Net Margin | 58.3% | 60.6% | 63.9% | -2.4pp | -5.6pp |
| EPS (Diluted) | $0.47 | $0.48 | $0.52 | -2.1% | -9.6% |
| Free Cash Flow | $444M | $157M | $100M | 183.1% | 345.9% |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $204M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $10M |
| Operating Expenses | $16M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $188M |
| Interest Income | $344M |
| Interest Expense | $110M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $0 |
| EBIT | $188M |
| EBITDA | $188M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $204M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $10M |
| Operating Expenses | $16M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $188M |
| Interest Income | $344M |
| Interest Expense | $110M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $188M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $0 |
| EBIT | $188M |
| EBITDA | $188M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $301M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $444M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$176M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$168M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$361M |
| FREE CASH FLOW | $444M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $653M |
| Short-Term Investments | $0 |
| Net Receivables | $145M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $825M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.5B |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $144M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $144M |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $271M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $6.9B |
| Net Debt | $6.2B |
