| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $391M | $400M | $381M | -2.4% | 2.4% |
| Op. Income | $104M | $104M | $108M | 0.6% | -3.7% |
| Gross Margin | 77.7% | 74.9% | 81.4% | 2.8pp | -3.6pp |
| Net Margin | 21.3% | 21.2% | 22.5% | 0.2pp | -1.2pp |
| EPS (Diluted) | $0.49 | $0.49 | $0.48 | 0.0% | 2.1% |
| Free Cash Flow | $380M | $67M | $167M | 468.2% | 127.1% |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $127M |
| SG&A Expenses | $135M |
| Other Expenses | $64M |
| Operating Expenses | $199M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $104M |
| Interest Income | $291M |
| Interest Expense | $85M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $24M |
| EBIT | $104M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $127M |
| SG&A Expenses | $135M |
| Other Expenses | $64M |
| Operating Expenses | $199M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $104M |
| Interest Income | $291M |
| Interest Expense | $85M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $24M |
| EBIT | $104M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $244M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $400M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$172M |
| Sales/Maturities of Investments | $639M |
| Other Investing Activities | $167M |
| NET CASH FROM INVESTING | $613M |
| Net Debt Issuance | $131M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$852M |
| NET CASH FROM FINANCING | -$810M |
| FREE CASH FLOW | $380M |
| Net Change in Cash | $202M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $759M |
| Short-Term Investments | $3.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $436M |
| Goodwill | $1.2B |
| Intangible Assets | $159M |
| Long-Term Investments | $25.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $28.4B |
| TOTAL ASSETS | $32.6B |
| Account Payables | $0 |
| Short-Term Debt | $870M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.4B |
| TOTAL CURRENT LIABILITIES | $25.8B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0K |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $28.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$356M |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $32.6B |
| Total Debt | $3.8B |
| Net Debt | $3.0B |
