Financial Performance Overview:
- Revenue: $211.78 million, down 0.44% YoY, down 18.29% QoQ
- Net Income: $99.77 million, down 3.38% YoY, up 2.88% QoQ
- EPS: $1.60, down 3.03% YoY, up 2.56% QoQ
- Gross Profit Margin: Maintained at 100% due to effective cost management strategies.
Cost Management:
- General & Administrative Expenses decreased to $39.27 million; a strategic reduction in costs is vital for sustaining profitability as revenue fluctuates.
- Overall operating expenses matched revenue exactly at $211.78 million, reflecting comprehensive expense management.
Balance Sheet Analysis:
- Total Assets: $15.89 billion, with a cash and cash equivalents balance of $779.84 million.
- Long-term debt is minimal at $119.46 million, indicating low leverage and solid financial health. The company's total equity stands at $2.75 billion, offering a robust buffer against economic downturns.