| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $187.48M | $248.57M | $339.32M | $463.15M | $537.50M |
| Cost of Revenue | $23.51M | $31.75M | $41.06M | $85.62M | $239.67M |
| Gross Profit | $163.97M | $216.82M | $298.26M | $377.53M | $297.83M |
| Gross Margin % | 87.46% | 87.23% | 87.90% | 81.51% | 55.41% |
| Operating Expenses | |||||
| R&D Expenses | $0.00 | $0.00 | $0.00 | - | - |
| SG&A Expenses | $15.57M | $20.79M | $25.46M | $30.12M | $34.79M |
| Other Operating Expenses | $45.70M | $66.76M | $95.73M | $133.57M | - |
| Total Operating Expenses | $61.27M | $87.55M | $121.19M | $163.69M | $216.39M |
| Operating Performance | |||||
| Operating Income | $101.09M | $125.13M | $190.27M | $218.09M | $254.39M |
| Operating Margin % | 53.92% | 50.34% | 56.07% | 47.09% | 47.33% |
| EBITDA | $139.82M | $175.11M | $295.07M | $343.09M | $463.95M |
| EBITDA Margin % | 74.58% | 70.45% | 86.96% | 74.08% | 86.32% |
| Other Income/Expenses | |||||
| Interest Expense | $0.00 | $0.00 | $50.38M | $63.44M | $81.12M |
| Other Income/Expenses Net | $-19.79M | $-32.07M | $-64.99M | $-62.19M | $-80.93M |
| Income Before Tax | $81.30M | $93.06M | $125.28M | $155.90M | $173.46M |
| Income Tax Expense | $538.00K | $1.09M | $2.40M | $2.86M | $2.91M |
| Net Performance | |||||
| Net Income | $80.08M | $91.38M | $122.27M | $152.44M | $169.96M |
| Net Margin % | 42.71% | 36.76% | 36.03% | 32.91% | 31.62% |
| EPS | $1.96 | $1.76 | $2.36 | $1.84 | $1.70 |
| Diluted EPS | $1.93 | $1.74 | $2.33 | $1.83 | $1.70 |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $15.60M | $6.14M | $43.25M | $27.76M | $14.52M |
| Short Term Investments | - | - | - | - | - |
| Net Receivables | $26.81M | $37.81M | $53.44M | $65.84M | $82.95M |
| Inventory | $3.75M | - | - | $95.90M | - |
| Other Current Assets | $26.55M | $3.02M | $7.67M | $-94.75M | $-97.48M |
| Total Current Assets | $72.72M | $46.96M | $104.37M | $94.75M | $101.12M |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | - | - | - | $5.80B | $6.80B |
| Long Term Investments | - | - | - | - | - |
| Tax Assets | - | - | - | - | - |
| Other Non-Current Assets | $2.25B | $3.37B | $4.45B | $17.02M | $16.11M |
| Total Non-Current Assets | $2.59B | $3.84B | $5.12B | $6.62B | $7.67B |
| Total Assets | |||||
| Total Assets | $2.66B | $3.89B | $5.23B | $6.71B | $7.77B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $48.99M | $71.39M | $70.01M | $83.72M | $101.40M |
| Short Term Debt | - | - | $160.00M | $1.84B | $963.00K |
| Tax Payables | - | - | - | - | - |
| Deferred Revenue | - | - | - | - | - |
| Other Current Liabilities | $25.01M | $34.55M | $16.88M | $-1.82B | $-76.83M |
| Total Current Liabilities | $74.00M | $105.94M | $246.89M | $106.07M | $126.94M |
| Non-Current Liabilities | |||||
| Long Term Debt | $872.30M | $1.22B | $1.53B | $1.94B | $2.41B |
| Other Non-Current Liabilities | $26.67M | $35.70M | $33.08M | $36.71M | $82.05M |
| Total Non-Current Liabilities | $898.97M | $1.25B | $1.56B | $1.98B | $2.45B |
| Total Liabilities | |||||
| Total Liabilities | $972.97M | $1.36B | $1.81B | $2.08B | $2.57B |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $5.00K | $6.00K | $7.00K | $9.00K | $10.00K |
| Retained Earnings | $-57.09M | $-91.34M | $-147.37M | $-228.13M | $-346.47M |
| Accumulated Other Comprehensive Income/Loss | $-6.49M | $-36.27M | $-5.50M | $23.55M | $16.55M |
| Total Shareholders Equity | $1.69B | $2.52B | $3.42B | $4.63B | $5.20B |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $2.66B | $3.88B | $5.23B | $6.71B | $7.77B |
| Total Debt | $872.30M | $1.22B | $1.69B | $1.94B | $2.47B |
| Net Debt | $856.70M | $1.21B | $1.64B | $1.91B | $2.46B |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $80.08M | $91.38M | $122.27M | $153.04M | $169.55M |
| Depreciation & Amortization | $59.20M | $82.64M | $120.01M | $166.91M | $174.61M |
| Stock Based Compensation | $3.98M | $4.70M | $4.80M | $6.46M | $8.34M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | $-6.07M | $-11.98M | $-16.30M | $799.00K | $-5.09M |
| Change in Inventory | - | - | - | - | - |
| Change in Accounts Payable | - | - | $10.83M | $15.05M | $10.38M |
| Other Working Capital Changes | $-2.15M | $-1.50M | - | $4.89M | $121.00K |
| Total Working Capital Change | $-7.62M | $-11.27M | $-8.71M | $20.74M | $5.42M |
| Other Operating | |||||
| Other Non-Cash Items | $-8.94M | $-24.50M | $7.94M | $14.98M | $382.39M |
| Net Cash from Operations | $126.71M | $142.96M | $246.32M | $362.12M | $388.05M |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | - | - | - | - | - |
| Purchase of Investments | - | - | - | $-1.66B | $-1.29B |
| Sale of Investments | - | - | - | - | - |
| Other Investing Activities | $-667.52M | $-1.30B | $-1.39B | $44.41M | $13.40M |
| Net Cash from Investing | $-667.52M | $-1.30B | $-1.39B | $-1.62B | $-1.27B |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | $-42.95M | $-3.68M | $-240.80M | $-1.12B | $-471.47M |
| Stock Repurchases | $-1.41M | $-1.64M | $-1.81M | $-1.91M | $-2.68M |
| Dividends Paid | $-90.26M | $-116.11M | $-195.83M | $-227.74M | $-285.11M |
| Other Financing Activities | $190.86M | $348.00M | $871.19M | $1.33B | $941.93M |
| Net Cash from Financing | $528.99M | $1.12B | $1.18B | $1.24B | $872.56M |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $-11.82M | $-34.20M | $37.30M | $-16.34M | $-14.39M |
| Cash at Beginning of Period | $53.98M | $42.16M | $7.96M | $45.25M | $28.91M |
| Cash at End of Period | $42.16M | $7.96M | $45.25M | $28.91M | $14.52M |
| Key Metrics | |||||
| Operating Cash Flow | $126.71M | $142.96M | $246.32M | $362.12M | $388.05M |
| Capital Expenditure | - | - | - | - | - |
| Free Cash Flow | $126.71M | $142.96M | $246.32M | $362.12M | $388.05M |