| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $247M | $167M | 7.2% | 59.2% |
| Op. Income | $85M | $102M | $63M | -17.1% | 34.3% |
| Gross Margin | 68.4% | 78.5% | 90.8% | -10.1pp | -22.4pp |
| Net Margin | 24.9% | 32.1% | 29.6% | -7.3pp | -4.8pp |
| EPS (Diluted) | $0.95 | $1.16 | $0.70 | -18.1% | 35.7% |
| Free Cash Flow | $42M | $64M | $53M | -34.2% | -21.3% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $55M |
| SG&A Expenses | $55M |
| Other Expenses | $41M |
| Operating Expenses | $97M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $85M |
| Interest Income | $255M |
| Interest Expense | $80M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | -$749.0K |
| EBIT | $85M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $55M |
| SG&A Expenses | $55M |
| Other Expenses | $41M |
| Operating Expenses | $97M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $85M |
| Interest Income | $255M |
| Interest Expense | $80M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | -$749.0K |
| EBIT | $85M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | -$749.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $44.0K |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$289M |
| NET CASH FROM INVESTING | -$205M |
| Net Debt Issuance | $725M |
| Common Stock Repurchased | -$108.0K |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$72M |
| NET CASH FROM FINANCING | $633M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $473M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2.0B |
| Net Receivables | $79M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $236M |
| Goodwill | $303M |
| Intangible Assets | $5M |
| Long-Term Investments | $17.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $860M |
| TOTAL NON-CURRENT ASSETS | $19.1B |
| TOTAL ASSETS | $22.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.9B |
| TOTAL CURRENT LIABILITIES | $16.1B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $20.0B |
| Common Stock | $136M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | $44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $22.3B |
| Total Debt | $3.8B |
| Net Debt | $2.7B |
