| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $257M | $276M | $272M | -6.9% | -5.5% |
| Op. Income | $180M | $204M | $215M | -11.8% | -16.3% |
| Gross Margin | 73.9% | 78.3% | 82.0% | -4.3pp | -8.1pp |
| Net Margin | 68.1% | 72.5% | 76.8% | -4.4pp | -8.7pp |
| EPS (Diluted) | $0.41 | $0.47 | $0.49 | -12.8% | -16.3% |
| Free Cash Flow | $214M | $253M | $186M | -15.4% | 15.1% |
| Item | Amount |
|---|---|
| REVENUE | $257M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$1M |
| Operating Expenses | $10M |
| Cost & Expenses | $77M |
| OPERATING INCOME | $180M |
| Interest Income | $299M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $0 |
| EBIT | $180M |
| EBITDA | $180M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $257M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$1M |
| Operating Expenses | $10M |
| Cost & Expenses | $77M |
| OPERATING INCOME | $180M |
| Interest Income | $299M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $0 |
| EBIT | $180M |
| EBITDA | $180M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $214M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$931M |
| Net Debt Issuance | $579M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$170M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $398M |
| FREE CASH FLOW | $214M |
| Net Change in Cash | -$319M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $253M |
| Short-Term Investments | $0 |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $374M |
| PP&E (Net) | $99M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$13.9B |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $14.5B |
| Account Payables | $213M |
| Short-Term Debt | $128M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$359M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $179M |
| 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 | $14.5B |
| Total Debt | $6.7B |
| Net Debt | -$253M |
