| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $448M | $423M | $269M | 6.0% | 66.8% |
| Op. Income | $89M | $51M | $45M | 76.2% | 96.5% |
| Gross Margin | 60.5% | 57.9% | 78.1% | 2.6pp | -17.6pp |
| Net Margin | 15.3% | 9.1% | 12.7% | 6.2pp | 2.6pp |
| EPS (Diluted) | $1.33 | $0.70 | $0.59 | 90.0% | 125.4% |
| Free Cash Flow | $69M | $17M | $67M | 309.4% | 2.7% |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $117M |
| SG&A Expenses | $123M |
| Other Expenses | $59M |
| Operating Expenses | $182M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $89M |
| Interest Income | $402M |
| Interest Expense | $170M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $11M |
| EBIT | $89M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $117M |
| SG&A Expenses | $123M |
| Other Expenses | $59M |
| Operating Expenses | $182M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $89M |
| Interest Income | $402M |
| Interest Expense | $170M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $11M |
| EBIT | $89M |
| EBITDA | $100M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$825M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $307M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | -$802M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $3.3B |
| Net Receivables | $757M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $22.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $22.1B |
| TOTAL ASSETS | $29.0B |
| Account Payables | $30M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.3B |
| TOTAL CURRENT LIABILITIES | $24.7B |
| Long-Term Debt | $858M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $339M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $25.9B |
| Common Stock | $511.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$176M |
| Accum. Other Comp. Income | -$440M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $29.0B |
| Total Debt | $2.2B |
| Net Debt | -$640M |
