| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $390M | $381M | $315M | 2.3% | 23.9% |
| Op. Income | $114M | $108M | $90M | 5.1% | 26.7% |
| Gross Margin | 78.7% | 81.4% | 86.2% | -2.6pp | -7.5pp |
| Net Margin | 22.8% | 22.5% | 15.9% | 0.3pp | 6.9pp |
| EPS (Diluted) | $0.51 | $0.48 | $0.31 | 6.3% | 64.5% |
| Free Cash Flow | $171M | $167M | $128M | 2.2% | 33.9% |
| Item | Amount |
|---|---|
| REVENUE | $390M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $307M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $122M |
| SG&A Expenses | $131M |
| Other Expenses | $62M |
| Operating Expenses | $193M |
| Cost & Expenses | $276M |
| OPERATING INCOME | $114M |
| Interest Income | $306M |
| Interest Expense | $82M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1.0K |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $18M |
| EBIT | $114M |
| EBITDA | $132M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $390M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $307M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $122M |
| SG&A Expenses | $131M |
| Other Expenses | $62M |
| Operating Expenses | $193M |
| Cost & Expenses | $276M |
| OPERATING INCOME | $114M |
| Interest Income | $306M |
| Interest Expense | $82M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1.0K |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $18M |
| EBIT | $114M |
| EBITDA | $132M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $194M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$154M |
| Sales/Maturities of Investments | $196M |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $188M |
| Common Stock Repurchased | -$89M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $66M |
| NET CASH FROM FINANCING | $134M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | $330M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $728M |
| Short-Term Investments | $3.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $363M |
| Goodwill | $1.2B |
| Intangible Assets | $144M |
| Long-Term Investments | $25.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $28.9B |
| TOTAL ASSETS | $33.6B |
| Account Payables | $0 |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25.0B |
| TOTAL CURRENT LIABILITIES | $26.5B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$88M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $29.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$247M |
| Accum. Other Comp. Income | -$125M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $33.6B |
| Total Debt | $4.5B |
| Net Debt | $3.8B |
