| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $338M | $305M | $264M | 10.9% | 28.0% |
| Op. Income | $150M | $41M | $27M | 267.7% | 454.7% |
| Gross Margin | 89.6% | 64.1% | 82.8% | 25.5pp | 6.9pp |
| Net Margin | 34.3% | 10.6% | 8.1% | 23.8pp | 26.3pp |
| EPS (Diluted) | $1.67 | $0.47 | $0.31 | 255.3% | 438.7% |
| Free Cash Flow | $401M | -$333M | -$617M | 220.4% | 164.9% |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $303M |
| R&D Expenses | $0 |
| Selling & Marketing | $966.0K |
| General & Administrative | $97M |
| SG&A Expenses | $98M |
| Other Expenses | $55M |
| Operating Expenses | $153M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $150M |
| Interest Income | $180M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $14M |
| EBIT | $150M |
| EBITDA | $164M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $303M |
| R&D Expenses | $0 |
| Selling & Marketing | $966.0K |
| General & Administrative | $97M |
| SG&A Expenses | $98M |
| Other Expenses | $55M |
| Operating Expenses | $153M |
| Cost & Expenses | $188M |
| OPERATING INCOME | $150M |
| Interest Income | $180M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $14M |
| EBIT | $150M |
| EBITDA | $164M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $333M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $406M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $10M |
| Sales/Maturities of Investments | $136M |
| Other Investing Activities | -$433M |
| NET CASH FROM INVESTING | -$292M |
| Net Debt Issuance | -$543M |
| Common Stock Repurchased | -$15.0K |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $470M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $401M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $1.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $231M |
| Goodwill | $928M |
| Intangible Assets | $76M |
| Long-Term Investments | $16.2B |
| Tax Assets | $53M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $18.5B |
| TOTAL ASSETS | $19.9B |
| Account Payables | $0 |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.1B |
| TOTAL CURRENT LIABILITIES | $16.1B |
| Long-Term Debt | $999M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $237M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $17.3B |
| Common Stock | $72M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $588M |
| Treasury Stock | -$43M |
| Accum. Other Comp. Income | $37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $19.9B |
| Total Debt | $1.0B |
| Net Debt | $751M |
