| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $192M | $199M | $226M | -3.5% | -15.3% |
| Op. Income | $72M | $36M | $64M | 98.8% | 12.7% |
| Gross Margin | 86.1% | 69.9% | 77.5% | 16.2pp | 8.6pp |
| Net Margin | 31.8% | 15.4% | 23.5% | 16.4pp | 8.3pp |
| EPS (Diluted) | $0.74 | $0.39 | $0.65 | 89.7% | 13.8% |
| Free Cash Flow | $47M | $65M | $73M | -28.3% | -36.7% |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $57M |
| SG&A Expenses | $60M |
| Other Expenses | $33M |
| Operating Expenses | $93M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $72M |
| Interest Income | $157M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $11M |
| EBIT | $72M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $57M |
| SG&A Expenses | $60M |
| Other Expenses | $33M |
| Operating Expenses | $93M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $72M |
| Interest Income | $157M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $11M |
| EBIT | $72M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$537M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | -$73M |
| NET CASH FROM INVESTING | -$513M |
| Net Debt Issuance | $189M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | $138M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$321M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $514M |
| Short-Term Investments | $2.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $157M |
| Goodwill | $936M |
| Intangible Assets | $61M |
| Long-Term Investments | $14.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $17.0B |
| TOTAL ASSETS | $19.9B |
| Account Payables | $0 |
| Short-Term Debt | $266M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.6B |
| TOTAL CURRENT LIABILITIES | $15.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $379M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $17.3B |
| Common Stock | $104M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $579M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $19.9B |
| Total Debt | $1.3B |
| Net Debt | $801M |
