| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $328M | $287M | -19.2% | -7.8% |
| Op. Income | $59M | $117M | $90M | -50.0% | -34.9% |
| Gross Margin | 20.8% | 75.2% | 30.9% | -54.4pp | -10.0pp |
| Net Margin | 18.1% | 29.1% | 25.4% | -11.0pp | -7.3pp |
| EPS (Diluted) | $0.53 | $1.04 | $0.80 | -49.5% | -34.4% |
| Free Cash Flow | $37M | $101M | $59M | -63.4% | -37.6% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$7M |
| Operating Expenses | -$3M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $0 |
| EBIT | $61M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$7M |
| Operating Expenses | -$3M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $0 |
| EBIT | $61M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$140M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $2.3B |
| Net Receivables | $802M |
| Inventory | $0 |
| Other Current Assets | -$3.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $52M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $4.4B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$83M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $200M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | -$247M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $682.0K |
| Additional Paid-In Capital | $347M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$402M |
| Accum. Other Comp. Income | -$66M |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $200M |
| Net Debt | $128M |
