| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $331.39M | $363.02M | $409.48M | $487.03M | $570.59M |
| Cost of Revenue | $93.27M | $103.37M | $115.08M | $133.92M | $154.03M |
| Gross Profit | $238.11M | $259.66M | $294.40M | $353.11M | $416.56M |
| Gross Margin % | 71.85% | 71.53% | 71.90% | 72.50% | 73.01% |
| Operating Expenses | |||||
| R&D Expenses | $0.00 | $0.00 | $0.00 | - | - |
| SG&A Expenses | $16.82M | $15.07M | $16.40M | $16.91M | $17.34M |
| Other Operating Expenses | $104.72M | $116.36M | $127.10M | $153.64M | - |
| Total Operating Expenses | $121.54M | $131.42M | $143.50M | $170.55M | $188.42M |
| Operating Performance | |||||
| Operating Income | $116.57M | $128.23M | $150.89M | $183.77M | $228.14M |
| Operating Margin % | 35.18% | 35.32% | 36.85% | 37.73% | 39.98% |
| EBITDA | $258.72M | $256.44M | $315.55M | $337.41M | $399.22M |
| EBITDA Margin % | 78.07% | 70.64% | 77.06% | 69.28% | 69.97% |
| Other Income/Expenses | |||||
| Interest Expense | $32.33M | $31.72M | $30.90M | $38.50M | $45.05M |
| Other Income/Expenses Net | $6.77M | $-19.84M | $6.74M | $2.50M | $-27.60M |
| Income Before Tax | $123.34M | $108.39M | $157.64M | $186.27M | $200.55M |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $-40.91M | - |
| Net Performance | |||||
| Net Income | $121.66M | $108.36M | $157.56M | $186.18M | $200.49M |
| Net Margin % | 36.71% | 29.85% | 38.48% | 38.23% | 35.14% |
| EPS | $3.25 | $2.77 | $3.91 | $4.37 | $4.43 |
| Diluted EPS | $3.24 | $2.76 | $3.90 | $4.36 | $4.42 |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $224.00K | $21.00K | $4.39M | $56.00K | $40.26M |
| Short Term Investments | - | - | - | $7.23M | $27.37M |
| Net Receivables | $45.95M | $51.28M | $66.78M | $71.38M | $83.77M |
| Inventory | - | - | $5.70M | $-38.35M | $-27.37M |
| Other Current Assets | $18.55M | $22.49M | $16.75M | $-71.44M | $7.95M |
| Total Current Assets | $64.72M | $73.79M | $93.62M | $76.64M | $131.99M |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | $2.12M | $2.13M | $1.98M | $2.05M | $2.83M |
| Long Term Investments | $7.81M | $7.45M | $7.32M | $7.23M | $7.54M |
| Tax Assets | - | - | - | - | $4.35B |
| Other Non-Current Assets | $2.45B | $2.62B | $3.09B | $3.93B | $7.57M |
| Total Non-Current Assets | $2.48B | $2.65B | $3.12B | $3.96B | $4.39B |
| Total Assets | |||||
| Total Assets | $2.55B | $2.72B | $3.22B | $4.04B | $4.52B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | - | - | $10.58M | $11.01M | $14.99M |
| Short Term Debt | $25.77M | $5.18M | $211.91M | $168.45M | - |
| Tax Payables | $2.70M | $3.52M | $4.49M | $6.82M | $9.51M |
| Deferred Revenue | $13.86M | $14.69M | $16.40M | $17.00M | $20.07M |
| Other Current Liabilities | $63.56M | $60.87M | $89.85M | $125.98M | $295.81M |
| Total Current Liabilities | $105.88M | $84.27M | $333.23M | $322.45M | $164.89M |
| Non-Current Liabilities | |||||
| Long Term Debt | $1.20B | $1.32B | $1.27B | $1.72B | $1.53B |
| Other Non-Current Liabilities | $41.08M | $41.76M | $41.01M | $44.62M | $63.80M |
| Total Non-Current Liabilities | $1.24B | $1.37B | $1.31B | $1.76B | $1.75B |
| Total Liabilities | |||||
| Total Liabilities | $1.34B | $1.45B | $1.64B | $2.08B | $1.91B |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $4.00K | $4.00K | $4.00K | $4.00K | $5.00K |
| Retained Earnings | $-316.30M | $-329.67M | $-318.06M | $-334.90M | $-366.47M |
| Accumulated Other Comprehensive Income/Loss | $2.81M | $-10.75M | $1.30M | $36.37M | $24.89M |
| Total Shareholders Equity | $1.20B | $1.27B | $1.57B | $1.95B | $2.61B |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $2.54B | $2.72B | $3.21B | $4.04B | $4.52B |
| Total Debt | $1.22B | $1.33B | $1.48B | $1.88B | $1.70B |
| Net Debt | $1.22B | $1.33B | $1.48B | $1.88B | $1.66B |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $121.66M | $108.36M | $157.56M | $186.27M | $200.55M |
| Depreciation & Amortization | $104.72M | $116.36M | $127.10M | $153.64M | $171.08M |
| Stock Based Compensation | $6.84M | $6.58M | $7.51M | $8.29M | $8.97M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | - | - | - | - | $-15.42M |
| Change in Inventory | - | - | - | - | - |
| Change in Accounts Payable | $6.51M | $-18.85M | $13.30M | $17.18M | $-5.92M |
| Other Working Capital Changes | $6.51M | $-18.85M | $13.30M | $-9.29M | $-15.42M |
| Total Working Capital Change | $956.00K | $-23.47M | $1.73M | $7.89M | $-21.34M |
| Other Operating | |||||
| Other Non-Cash Items | $-38.27M | $-11.55M | $-37.40M | $-39.59M | $-2.64M |
| Net Cash from Operations | $195.91M | $196.29M | $256.49M | $316.50M | $338.20M |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | - | - | $-33.30M | $-40.85M | $-51.12M |
| Purchase of Investments | - | - | - | $-496.12M | $-553.33M |
| Sale of Investments | - | - | - | $10.01M | $23.57M |
| Other Investing Activities | $-443.34M | $-288.26M | $-495.96M | $-531.16M | $-593.63M |
| Net Cash from Investing | $-443.34M | $-288.26M | $-529.26M | $-521.15M | $-570.06M |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | $-1.15B | $-772.40M | $-658.23M | $-1.12B | $-186.97M |
| Stock Repurchases | - | - | - | $303.68M | - |
| Dividends Paid | $-108.80M | $-119.77M | $-131.76M | $-193.94M | $-225.63M |
| Other Financing Activities | $1.22B | $893.22M | $794.04M | $1.13B | $-7.65M |
| Net Cash from Financing | $247.28M | $91.77M | $277.14M | $200.31M | $272.06M |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $-150.00K | $-203.00K | $4.37M | $-4.34M | $40.21M |
| Cash at Beginning of Period | $374.00K | $224.00K | $21.00K | $4.39M | $56.00K |
| Cash at End of Period | $224.00K | $21.00K | $4.39M | $56.00K | $40.26M |
| Key Metrics | |||||
| Operating Cash Flow | $195.91M | $196.29M | $256.49M | $316.50M | $338.20M |
| Capital Expenditure | - | - | $-33.30M | $-40.85M | $-51.12M |
| Free Cash Flow | $195.91M | $196.29M | $256.49M | $275.65M | $287.09M |