| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $359M | $391M | $390M | -8.2% | -8.0% |
| Op. Income | $89M | $104M | $114M | -14.2% | -21.4% |
| Gross Margin | 80.8% | 77.7% | 78.7% | 3.1pp | 2.1pp |
| Net Margin | 20.1% | 21.3% | 22.8% | -1.2pp | -2.7pp |
| EPS (Diluted) | $0.43 | $0.49 | $0.51 | -12.2% | -15.7% |
| Free Cash Flow | $87M | $380M | $171M | -77.0% | -49.0% |
| Item | Amount |
|---|---|
| REVENUE | $359M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $125M |
| SG&A Expenses | $133M |
| Other Expenses | $67M |
| Operating Expenses | $200M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $89M |
| Interest Income | $269M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $27M |
| EBIT | $89M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $359M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $125M |
| SG&A Expenses | $133M |
| Other Expenses | $67M |
| Operating Expenses | $200M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $89M |
| Interest Income | $269M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $27M |
| EBIT | $89M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$119M |
| Sales/Maturities of Investments | $253M |
| Other Investing Activities | -$82M |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | $410M |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$643M |
| NET CASH FROM FINANCING | -$311M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | -$171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $581M |
| Short-Term Investments | $3.3B |
| Net Receivables | $91M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $435M |
| Goodwill | $1.2B |
| Intangible Assets | $156M |
| Long-Term Investments | $25.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $28.5B |
| TOTAL ASSETS | $32.4B |
| Account Payables | $0 |
| Short-Term Debt | $985M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.8B |
| TOTAL CURRENT LIABILITIES | $25.2B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $28.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$400M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $32.4B |
| Total Debt | $4.2B |
| Net Debt | $3.6B |
