| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $445M | $445M | $365M | -0.1% | 21.9% |
| Op. Income | $160M | $143M | $123M | 11.6% | 30.3% |
| Gross Margin | 36.4% | 67.8% | 34.3% | -31.4pp | 2.1pp |
| Net Margin | 28.8% | 25.7% | 27.1% | 3.0pp | 1.7pp |
| EPS (Diluted) | $1.39 | $1.25 | $1.07 | 11.2% | 29.3% |
| Free Cash Flow | $70M | $122M | $68M | -42.6% | 2.8% |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$3M |
| Operating Expenses | $2M |
| Cost & Expenses | $285M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $0 |
| EBIT | $162M |
| EBITDA | $162M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$3M |
| Operating Expenses | $2M |
| Cost & Expenses | $285M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $0 |
| EBIT | $162M |
| EBITDA | $162M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $1.0B |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | -$2.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $47M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $5.3B |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$129M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$100M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $687.0K |
| Additional Paid-In Capital | $367M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$406M |
| Accum. Other Comp. Income | -$179M |
| Other Equity | $13M |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $100M |
| Net Debt | $55M |
