| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | $329M | $302M | -5.4% | 3.2% |
| Op. Income | $194M | $211M | $198M | -8.3% | -2.0% |
| Gross Margin | 65.9% | 68.4% | 70.6% | -2.5pp | -4.7pp |
| Net Margin | 60.6% | 62.8% | 63.6% | -2.2pp | -2.9pp |
| EPS (Diluted) | $0.48 | $0.53 | $0.49 | -9.4% | -2.0% |
| Free Cash Flow | $157M | $117M | $156M | 34.4% | 0.5% |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $205M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $6M |
| Operating Expenses | $12M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $194M |
| Interest Income | $364M |
| Interest Expense | $106M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $0 |
| EBIT | $194M |
| EBITDA | $194M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $205M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $6M |
| Operating Expenses | $12M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $194M |
| Interest Income | $364M |
| Interest Expense | $106M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $194M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $0 |
| EBIT | $194M |
| EBITDA | $194M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | $950.0K |
| OPERATING CASH FLOW | $157M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $257M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$160M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$186M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $573M |
| Short-Term Investments | $0 |
| Net Receivables | $135M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $711M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.8B |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $136M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $93M |
| 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 | $13.5B |
| Total Debt | $7.1B |
| Net Debt | $6.5B |
