| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | $272M | $300M | -21.3% | -28.7% |
| Op. Income | $155M | $215M | $237M | -27.9% | -34.6% |
| Gross Margin | 75.7% | 82.0% | 83.0% | -6.3pp | -7.3pp |
| Net Margin | 71.5% | 76.8% | 77.3% | -5.3pp | -5.8pp |
| EPS (Diluted) | $0.36 | $0.49 | $0.54 | -26.5% | -33.3% |
| Free Cash Flow | $219M | $186M | $152M | 17.7% | 44.1% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$2M |
| Operating Expenses | $7M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $155M |
| Interest Income | $263M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$2M |
| Operating Expenses | $7M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $155M |
| Interest Income | $263M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $153M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $153M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.3B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $665M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$166M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $490M |
| FREE CASH FLOW | $219M |
| Net Change in Cash | -$503M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $407M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$12.4B |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $155M |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$648M |
| TOTAL CURRENT LIABILITIES | $648M |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $300M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $127M |
| 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 | $12.9B |
| Total Debt | $5.2B |
| Net Debt | $4.9B |
