| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $509M | $461M | $320M | 10.2% | 58.7% |
| Op. Income | $112M | $124M | $126M | -9.9% | -11.3% |
| Gross Margin | 62.6% | 71.7% | 98.5% | -9.1pp | -35.9pp |
| Net Margin | 18.2% | 21.7% | 33.1% | -3.5pp | -14.9pp |
| EPS (Diluted) | $1.90 | $2.06 | $2.17 | -7.8% | -12.4% |
| Free Cash Flow | -$8M | $127M | $187M | -106.1% | -104.1% |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $142M |
| SG&A Expenses | $148M |
| Other Expenses | $59M |
| Operating Expenses | $207M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $112M |
| Interest Income | $409M |
| Interest Expense | $167M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $15M |
| EBIT | $112M |
| EBITDA | $127M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $509M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $142M |
| SG&A Expenses | $148M |
| Other Expenses | $59M |
| Operating Expenses | $207M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $112M |
| Interest Income | $409M |
| Interest Expense | $167M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $15M |
| EBIT | $112M |
| EBITDA | $127M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$146M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$268M |
| Sales/Maturities of Investments | $380M |
| Other Investing Activities | -$144M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $2.8B |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$768M |
| NET CASH FROM FINANCING | $2.0B |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $6.9B |
| Net Receivables | $445M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.9B |
| PP&E (Net) | $261M |
| Goodwill | $207M |
| Intangible Assets | $76M |
| Long-Term Investments | $27.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $29.7B |
| TOTAL ASSETS | $40.6B |
| Account Payables | $0 |
| Short-Term Debt | $5.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.9B |
| TOTAL CURRENT LIABILITIES | $37.1B |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $692M |
| TOTAL LIABILITIES | $37.8B |
| Common Stock | $55M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$344M |
| Accum. Other Comp. Income | -$627M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $40.6B |
| Total Debt | $5.3B |
| Net Debt | $1.7B |
