| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $272M | $322M | $204M | -15.5% | 33.3% |
| Op. Income | $215M | $260M | $144M | -17.3% | 49.3% |
| Gross Margin | 82.0% | 83.9% | 76.5% | -1.9pp | 5.5pp |
| Net Margin | 76.8% | 78.9% | 68.1% | -2.0pp | 8.7pp |
| EPS (Diluted) | $0.49 | $0.60 | $0.33 | -18.3% | 48.5% |
| Free Cash Flow | $186M | $161M | $128M | 15.5% | 45.3% |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $215M |
| Interest Income | $262M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $0 |
| EBIT | $215M |
| EBITDA | $215M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $215M |
| Interest Income | $262M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $0 |
| EBIT | $215M |
| EBITDA | $215M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $271M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$166M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$167M |
| FREE CASH FLOW | $186M |
| Net Change in Cash | $290M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $799M |
| Short-Term Investments | $0 |
| Net Receivables | $154M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $960M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $195M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$396M |
| TOTAL CURRENT LIABILITIES | $396M |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | -$80M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $201M |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $4.5B |
| Net Debt | $3.7B |
