| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $214M | $311M | 34.1% | -7.7% |
| Op. Income | $218M | $155M | $247M | 40.6% | -11.7% |
| Gross Margin | 78.4% | 75.7% | 83.6% | 2.7pp | -5.2pp |
| Net Margin | 74.6% | 71.5% | 77.8% | 3.1pp | -3.2pp |
| EPS (Diluted) | $0.50 | $0.36 | $0.57 | 38.9% | -12.3% |
| Free Cash Flow | $90M | $219M | $100M | -58.9% | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $225M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$5M |
| Operating Expenses | $7M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $218M |
| Interest Income | $289M |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $214M |
| D&A | $0 |
| EBIT | $218M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $225M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$5M |
| Operating Expenses | $7M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $218M |
| Interest Income | $289M |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $214M |
| D&A | $0 |
| EBIT | $218M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $214M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$605M |
| Net Debt Issuance | $987M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$179M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $791M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $276M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $572M |
| Short-Term Investments | $0 |
| Net Receivables | $142M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $686M |
| PP&E (Net) | $105M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13.1B |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $14.0B |
| Account Payables | $138M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $307M |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $170M |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $162M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $6.3B |
| Net Debt | $5.8B |
