| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | $106M | $92M | 4.4% | 19.6% |
| Op. Income | $42M | $40M | $33M | 5.2% | 28.9% |
| Gross Margin | 88.7% | 89.1% | 90.2% | -0.5pp | -1.5pp |
| Net Margin | 29.8% | 29.0% | 23.5% | 0.9pp | 6.3pp |
| EPS (Diluted) | $0.98 | $0.91 | $0.67 | 7.7% | 46.3% |
| Free Cash Flow | $19M | $23M | $18M | -15.2% | 6.4% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $36M |
| SG&A Expenses | $38M |
| Other Expenses | $18M |
| Operating Expenses | $56M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $42M |
| Interest Income | $77M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $3M |
| EBIT | $42M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $36M |
| SG&A Expenses | $38M |
| Other Expenses | $18M |
| Operating Expenses | $56M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $42M |
| Interest Income | $77M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $3M |
| EBIT | $42M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $353.0K |
| Deferred Income Tax | $687.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $427.0K |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | $76M |
| NET CASH FROM INVESTING | $33M |
| Net Debt Issuance | -$300.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $476M |
| Net Receivables | $158M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $170M |
| Goodwill | $80M |
| Intangible Assets | $17M |
| Long-Term Investments | $4.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $40M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.6B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $33M |
| Additional Paid-In Capital | $149M |
| Retained Earnings | $707M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $885M |
| Minority Interest | $0 |
| TOTAL EQUITY | $885M |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $34M |
| Net Debt | -$1.8B |
