| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $284M | $298M | $207M | -4.6% | 37.2% |
| Op. Income | $244M | $246M | $163M | -1.1% | 49.9% |
| Gross Margin | 90.5% | 90.2% | 85.1% | 0.3pp | 5.4pp |
| Net Margin | 85.7% | 82.7% | 78.5% | 3.0pp | 7.2pp |
| EPS (Diluted) | $0.63 | $0.63 | $0.44 | 0.0% | 43.2% |
| Free Cash Flow | -$100M | $38M | $86M | -360.7% | -216.2% |
| Item | Amount |
|---|---|
| REVENUE | $284M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $244M |
| Interest Income | $138M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $0 |
| EBIT | $244M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $284M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $244M |
| Interest Income | $138M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $244M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $244M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $244M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $242M |
| D&A | $0 |
| EBIT | $244M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $244M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$311M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$100M |
| 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 | $73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$63M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $63M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $388.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $2.2B |
| Net Debt | $2.2B |
