| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $477M | $424M | $292M | 12.3% | 63.2% |
| Op. Income | $211M | $209M | $169M | 1.0% | 24.7% |
| Gross Margin | 70.7% | 76.7% | 94.1% | -6.0pp | -23.4pp |
| Net Margin | 35.7% | 38.4% | 45.4% | -2.7pp | -9.7pp |
| EPS (Diluted) | $1.41 | $1.34 | $1.02 | 5.2% | 38.2% |
| Free Cash Flow | $247M | $167M | $181M | 47.9% | 36.4% |
| Item | Amount |
|---|---|
| REVENUE | $477M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $67M |
| SG&A Expenses | $71M |
| Other Expenses | $55M |
| Operating Expenses | $126M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $211M |
| Interest Income | $449M |
| Interest Expense | $104M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $17M |
| EBIT | $211M |
| EBITDA | $228M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $477M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $67M |
| SG&A Expenses | $71M |
| Other Expenses | $55M |
| Operating Expenses | $126M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $211M |
| Interest Income | $449M |
| Interest Expense | $104M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $17M |
| EBIT | $211M |
| EBITDA | $228M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $58M |
| OPERATING CASH FLOW | $253M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$17M |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $161M |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $387M |
| Common Stock Repurchased | -$94M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $783M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | $247M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $3.4B |
| Net Receivables | $135M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $677M |
| Goodwill | $661M |
| Intangible Assets | $2M |
| Long-Term Investments | $21.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $24.4B |
| TOTAL ASSETS | $29.0B |
| Account Payables | $290M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.3B |
| TOTAL CURRENT LIABILITIES | $22.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $24.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $1M |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $29.0B |
| Total Debt | $1.5B |
| Net Debt | $423M |
