| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | $326M | — | -2.0% | — |
| Op. Income | $199M | $180M | — | 10.5% | — |
| Gross Margin | 97.2% | 94.1% | — | 3.1pp | — |
| Net Margin | 47.7% | 43.8% | — | 3.9pp | — |
| EPS (Diluted) | $0.98 | $0.91 | — | 7.7% | — |
| Free Cash Flow | $49M | $263M | — | -81.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $310M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $112M |
| Operating Expenses | $112M |
| Cost & Expenses | $121M |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $14M |
| EBIT | $223M |
| EBITDA | $238M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $310M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $112M |
| Operating Expenses | $112M |
| Cost & Expenses | $121M |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $14M |
| EBIT | $223M |
| EBITDA | $238M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $45M |
| Other Non-Cash Items | -$110M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$368M |
| Sales/Maturities of Investments | $296M |
| Other Investing Activities | -$180.0K |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $178M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$60M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $5.9B |
| Net Receivables | $158M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $744M |
| TOTAL NON-CURRENT ASSETS | $819M |
| TOTAL ASSETS | $7.8B |
| Account Payables | $0 |
| Short-Term Debt | $953M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $133M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $768M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $626M |
| Other Non-Current Liabilities | $840M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $171.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$946M |
| Accum. Other Comp. Income | -$362M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $1.7B |
| Net Debt | $1.7B |
