| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $355M | $40M | $213M | 791.1% | 66.8% |
| Op. Income | $267M | -$33M | $149M | 900.5% | 79.3% |
| Gross Margin | 79.3% | -46.2% | 76.5% | 125.5pp | 2.8pp |
| Net Margin | 74.8% | -87.8% | 67.2% | 162.6pp | 7.7pp |
| EPS (Diluted) | $0.67 | $-0.09 | $0.36 | 844.4% | 86.1% |
| Free Cash Flow | $102M | $120M | -$127M | -14.5% | 180.6% |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $88M |
| OPERATING INCOME | $267M |
| Interest Income | $273M |
| Interest Expense | $74M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $0 |
| EBIT | $267M |
| EBITDA | $267M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $88M |
| OPERATING INCOME | $267M |
| Interest Income | $273M |
| Interest Expense | $74M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $265M |
| D&A | $0 |
| EBIT | $267M |
| EBITDA | $267M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $265M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$88M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $102M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$518M |
| Sales/Maturities of Investments | $464M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $186M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$122M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $64M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $361M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.9B |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $13.4B |
| Account Payables | $122M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $247M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$148M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $7.2B |
| Net Debt | $6.8B |
