| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $298M | $353M | -$146M | -15.7% | 303.7% |
| Op. Income | $246M | $306M | -$186M | -19.5% | 232.7% |
| Gross Margin | 90.2% | 91.5% | 122.2% | -1.3pp | -32.0pp |
| Net Margin | 82.7% | 86.6% | 127.0% | -3.9pp | -44.3pp |
| EPS (Diluted) | $0.63 | $0.80 | $-0.51 | -21.3% | 223.5% |
| Free Cash Flow | $38M | $88M | -$71M | -56.5% | 154.3% |
| Item | Amount |
|---|---|
| REVENUE | $298M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $269M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $16M |
| Operating Expenses | $22M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $246M |
| Interest Income | $140M |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $246M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246M |
| D&A | $0 |
| EBIT | $246M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $298M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $269M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $16M |
| Operating Expenses | $22M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $246M |
| Interest Income | $140M |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $246M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $246M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246M |
| D&A | $0 |
| EBIT | $246M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $246M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$243M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$48M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $115M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.9B |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $104M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $387.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$405M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.2B |
| Net Debt | $2.1B |
