| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $136M | $117M | 2.6% | 19.2% |
| Op. Income | $49M | $50M | $55M | -2.3% | -10.2% |
| Gross Margin | 73.4% | 73.7% | 79.5% | -0.3pp | -6.1pp |
| Net Margin | 26.4% | 27.3% | 27.7% | -0.9pp | -1.3pp |
| EPS (Diluted) | $0.58 | $0.58 | $0.50 | 0.0% | 16.0% |
| Free Cash Flow | $40M | $46M | $50M | -12.1% | -19.8% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $37M |
| SG&A Expenses | $42M |
| Other Expenses | $11M |
| Operating Expenses | $53M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $49M |
| Interest Income | $123M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $3M |
| EBIT | $49M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $37M |
| SG&A Expenses | $42M |
| Other Expenses | $11M |
| Operating Expenses | $53M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $49M |
| Interest Income | $123M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $3M |
| EBIT | $49M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$430.0K |
| Other Non-Cash Items | -$118.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | -$318M |
| NET CASH FROM INVESTING | -$343M |
| Net Debt Issuance | $2.1B |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.9B |
| NET CASH FROM FINANCING | $211M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $534M |
| Short-Term Investments | $203M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $773M |
| PP&E (Net) | $22M |
| Goodwill | $36M |
| Intangible Assets | $43M |
| Long-Term Investments | $8.7B |
| Tax Assets | $18M |
| Other Non-Current Assets | $209M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $660.0K |
| Additional Paid-In Capital | $373M |
| Retained Earnings | $708M |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | -$407.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $2.6B |
| Net Debt | $2.1B |
