| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $212M | $217M | 0.1% | -2.0% |
| Op. Income | $149M | $152M | $215M | -2.0% | -30.7% |
| Gross Margin | 76.5% | 78.2% | 84.8% | -1.7pp | -8.4pp |
| Net Margin | 67.2% | 70.7% | 99.6% | -3.5pp | -32.4pp |
| EPS (Diluted) | $0.36 | $0.38 | $0.56 | -5.3% | -35.7% |
| Free Cash Flow | -$127M | $256M | -$70M | -149.5% | -80.6% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $14M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $149M |
| Interest Income | $243M |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $149M |
| EBITDA | $149M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $14M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $149M |
| Interest Income | $243M |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $149M |
| EBITDA | $149M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$52M |
| Change in Working Capital | -$217M |
| OPERATING CASH FLOW | -$127M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$153M |
| Net Debt Issuance | $556M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$108M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $448M |
| FREE CASH FLOW | -$127M |
| Net Change in Cash | $167M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $781M |
| Short-Term Investments | $0 |
| Net Receivables | $144M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $952M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.1B |
| TOTAL NON-CURRENT ASSETS | $12.1B |
| TOTAL ASSETS | $13.1B |
| Account Payables | $122M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $142M |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$112M |
| 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 | $13.1B |
| Total Debt | $6.9B |
| Net Debt | $6.2B |
