| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $461M | $487M | $492M | -5.3% | -6.2% |
| Op. Income | $92M | $193M | $226M | -52.3% | -59.2% |
| Gross Margin | 50.5% | 66.0% | 76.8% | -15.5pp | -26.3pp |
| Net Margin | 15.8% | 28.8% | 34.8% | -13.0pp | -19.0pp |
| EPS (Diluted) | $0.24 | $0.44 | $0.45 | -45.5% | -46.7% |
| Free Cash Flow | $85M | -$226M | -$147M | 137.6% | 157.7% |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $68M |
| Operating Expenses | $141M |
| Cost & Expenses | $369M |
| OPERATING INCOME | $92M |
| Interest Income | $448M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $4M |
| EBIT | $92M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $68M |
| Operating Expenses | $141M |
| Cost & Expenses | $369M |
| OPERATING INCOME | $92M |
| Interest Income | $448M |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $4M |
| EBIT | $92M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $154M |
| Change in Working Capital | -$172M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$655M |
| Sales/Maturities of Investments | $217M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $229M |
| Common Stock Repurchased | -$249M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$217M |
| NET CASH FROM FINANCING | -$248M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $2.5B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $153M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $257M |
| TOTAL NON-CURRENT ASSETS | $21.8B |
| TOTAL ASSETS | $28.8B |
| Account Payables | $0 |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.9B |
| TOTAL CURRENT LIABILITIES | $21.1B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $350M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $26.7B |
| Common Stock | $86M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $28.8B |
| Total Debt | $5.4B |
| Net Debt | $2.7B |
