| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $487M | $614M | $850M | -20.7% | -42.7% |
| Op. Income | $166M | $410M | $845M | -59.5% | -80.3% |
| Gross Margin | 61.4% | 87.7% | 114.2% | -26.3pp | -52.8pp |
| Net Margin | 26.5% | 49.9% | 75.5% | -23.4pp | -49.0pp |
| EPS (Diluted) | $0.45 | $1.05 | $1.75 | -57.1% | -74.3% |
| Free Cash Flow | $63M | $46M | $46M | 37.7% | 37.2% |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $78M |
| SG&A Expenses | $78M |
| Other Expenses | $55M |
| Operating Expenses | $133M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $166M |
| Interest Income | $465M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $5M |
| EBIT | $166M |
| EBITDA | $171M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $78M |
| SG&A Expenses | $78M |
| Other Expenses | $55M |
| Operating Expenses | $133M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $166M |
| Interest Income | $465M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $5M |
| EBIT | $166M |
| EBITDA | $171M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $108M |
| Change in Working Capital | -$228M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$128M |
| Purchases of Investments | -$537M |
| Sales/Maturities of Investments | $687M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$989M |
| Net Debt Issuance | -$381M |
| Common Stock Repurchased | -$169M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $413M |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $2.3B |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $148M |
| Goodwill | $0 |
| Intangible Assets | $125M |
| Long-Term Investments | $21.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $261M |
| TOTAL NON-CURRENT ASSETS | $22.0B |
| TOTAL ASSETS | $29.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.2B |
| TOTAL CURRENT LIABILITIES | $21.2B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $261M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $27.0B |
| Common Stock | $87M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.9B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $29.1B |
| Total Debt | $5.6B |
| Net Debt | $2.3B |
