| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $316M | $40M | 0.6% | 698.7% |
| Op. Income | $200M | $206M | -$33M | -2.5% | 700.6% |
| Gross Margin | 67.9% | 68.9% | -46.2% | -1.0pp | 114.1pp |
| Net Margin | 61.5% | 63.9% | -87.8% | -2.3pp | 149.3pp |
| EPS (Diluted) | $0.50 | $0.52 | $-0.09 | -3.8% | 655.6% |
| Free Cash Flow | $141M | $100M | $120M | 41.7% | 18.1% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $8M |
| Operating Expenses | $15M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $200M |
| Interest Income | $348M |
| Interest Expense | $102M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $196M |
| D&A | $0 |
| EBIT | $200M |
| EBITDA | $200M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $8M |
| Operating Expenses | $15M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $200M |
| Interest Income | $348M |
| Interest Expense | $102M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $200M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $196M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $196M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $196M |
| D&A | $0 |
| EBIT | $200M |
| EBITDA | $200M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $196M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$339M |
| Sales/Maturities of Investments | $694M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $355M |
| Net Debt Issuance | -$364M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$152M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$528M |
| FREE CASH FLOW | $141M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $0 |
| Net Receivables | $127M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $407M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.0B |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $13.4B |
| Account Payables | $129M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $289M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $4M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $8M |
| 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 | $13.4B |
| Total Debt | $7.0B |
| Net Debt | $6.8B |
