| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $356M | $337M | $275M | 5.8% | 29.4% |
| Op. Income | $159M | $175M | $155M | -9.1% | 2.3% |
| Gross Margin | 76.4% | 84.4% | 96.8% | -8.0pp | -20.3pp |
| Net Margin | 35.0% | 41.0% | 44.5% | -5.9pp | -9.4pp |
| EPS (Diluted) | $1.37 | $1.51 | $1.33 | -9.3% | 3.0% |
| Free Cash Flow | $170M | -$9M | $212M | 2060.3% | -20.2% |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $272M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $31M |
| Operating Expenses | $113M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $159M |
| Interest Income | $327M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $7M |
| EBIT | $159M |
| EBITDA | $166M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $272M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $31M |
| Operating Expenses | $113M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $159M |
| Interest Income | $327M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $7M |
| EBIT | $159M |
| EBITDA | $166M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $180M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $2.9B |
| Other Investing Activities | -$489M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$50M |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $170M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $405M |
| Short-Term Investments | $469M |
| Net Receivables | $95M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $970M |
| PP&E (Net) | $345M |
| Goodwill | $3.2B |
| Intangible Assets | $49M |
| Long-Term Investments | $32.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $579M |
| TOTAL NON-CURRENT ASSETS | $36.9B |
| TOTAL ASSETS | $37.8B |
| Account Payables | $8M |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.0B |
| TOTAL CURRENT LIABILITIES | $30.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $278M |
| TOTAL NON-CURRENT LIABILITIES | $278M |
| TOTAL LIABILITIES | $31.1B |
| Common Stock | $91M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $37.8B |
| Total Debt | $3.8B |
| Net Debt | $3.4B |
