| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $400M | $401M | $360M | -0.4% | 11.2% |
| Op. Income | $108M | $104M | $123M | 3.9% | -11.8% |
| Gross Margin | 61.9% | 63.5% | 71.7% | -1.7pp | -9.8pp |
| Net Margin | 21.7% | 19.8% | 27.3% | 1.9pp | -5.6pp |
| EPS (Diluted) | $0.64 | $0.59 | $0.73 | 8.5% | -12.3% |
| Free Cash Flow | $120M | $159M | $115M | -25.0% | 4.3% |
| Item | Amount |
|---|---|
| REVENUE | $400M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $80M |
| SG&A Expenses | $80M |
| Other Expenses | $59M |
| Operating Expenses | $139M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $108M |
| Interest Income | $369M |
| Interest Expense | $147M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $0 |
| EBIT | $108M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $400M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $80M |
| SG&A Expenses | $80M |
| Other Expenses | $59M |
| Operating Expenses | $139M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $108M |
| Interest Income | $369M |
| Interest Expense | $147M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $0 |
| EBIT | $108M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $124M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$301M |
| Sales/Maturities of Investments | $463M |
| Other Investing Activities | -$160M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$50M |
| Other Financing Activities | $113M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $3.6B |
| Net Receivables | $114M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $277M |
| Goodwill | $1.9B |
| Intangible Assets | $4M |
| Long-Term Investments | $21.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $757M |
| TOTAL NON-CURRENT ASSETS | $24.6B |
| TOTAL ASSETS | $30.0B |
| Account Payables | $0 |
| Short-Term Debt | $208M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.9B |
| TOTAL CURRENT LIABILITIES | $23.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $25.2B |
| Common Stock | $356M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$253M |
| Accum. Other Comp. Income | -$261M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $30.0B |
| Total Debt | $2.0B |
| Net Debt | $308M |
