| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $276M | $287M | $322M | -3.8% | -14.3% |
| Op. Income | $204M | $218M | $260M | -6.4% | -21.5% |
| Gross Margin | 78.3% | 78.4% | 83.9% | -0.1pp | -5.6pp |
| Net Margin | 72.5% | 74.6% | 78.9% | -2.1pp | -6.4pp |
| EPS (Diluted) | $0.47 | $0.50 | $0.60 | -6.0% | -21.7% |
| Free Cash Flow | $253M | $90M | $161M | 181.1% | 57.1% |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$1M |
| Operating Expenses | $12M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $204M |
| Interest Income | $296M |
| Interest Expense | $60M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $0 |
| EBIT | $204M |
| EBITDA | $204M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$1M |
| Operating Expenses | $12M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $204M |
| Interest Income | $296M |
| Interest Expense | $60M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $0 |
| EBIT | $204M |
| EBITDA | $204M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $200M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $253M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $95M |
| Net Debt Issuance | -$177M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$171M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$348M |
| FREE CASH FLOW | $253M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $572M |
| Short-Term Investments | $0 |
| Net Receivables | $105M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $677M |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13.0B |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $13.8B |
| Account Payables | $171M |
| Short-Term Debt | $131M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$323M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $183M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $13.8B |
| Total Debt | $6.2B |
| Net Debt | -$572M |
