| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $228M | $104M | -$222M | 118.2% | 202.7% |
| Op. Income | $181M | $53M | -$282M | 241.5% | 164.3% |
| Gross Margin | 84.1% | 63.1% | 120.8% | 21.0pp | -36.8pp |
| Net Margin | 26.6% | 4.5% | 8.6% | 22.2pp | 18.0pp |
| EPS (Diluted) | $0.50 | $-0.07 | $-0.32 | 857.6% | 256.3% |
| Free Cash Flow | -$1.3B | $509M | $1.7B | -350.7% | -173.1% |
| Item | Amount |
|---|---|
| REVENUE | $228M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $192M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $181M |
| Interest Income | $153M |
| Interest Expense | $179M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | -$10M |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $0 |
| EBIT | $355M |
| EBITDA | $355M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $228M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $192M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $181M |
| Interest Income | $153M |
| Interest Expense | $179M |
| Other Income/Expenses | -$142M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | -$10M |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $0 |
| EBIT | $355M |
| EBITDA | $355M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.3B |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$1.3B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.8B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | -$1.3B |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $292M |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | -$1.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $4.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $15.4B |
| Account Payables | $149M |
| Short-Term Debt | $10.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$23M |
| TOTAL CURRENT LIABILITIES | $11.2B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $884.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$512M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $12.9B |
| Net Debt | $12.7B |
