| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $149M | $135M | 5.3% | 16.5% |
| Op. Income | $51M | $42M | $42M | 20.0% | 21.6% |
| Gross Margin | 89.7% | 89.3% | 93.0% | 0.4pp | -3.3pp |
| Net Margin | 25.3% | 22.4% | 24.1% | 2.9pp | 1.2pp |
| EPS (Diluted) | $1.14 | $0.95 | $1.00 | 20.0% | 14.0% |
| Free Cash Flow | -$85M | $161M | $104M | -152.6% | -181.3% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $59M |
| Other Expenses | $31M |
| Operating Expenses | $90M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $51M |
| Interest Income | $131M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $6M |
| EBIT | $51M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $59M |
| Other Expenses | $31M |
| Operating Expenses | $90M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $51M |
| Interest Income | $131M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $6M |
| EBIT | $51M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$123M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | -$56M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $185M |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$89M |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $1.6B |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $171M |
| Goodwill | $339M |
| Intangible Assets | $29M |
| Long-Term Investments | $9.0B |
| Tax Assets | $61M |
| Other Non-Current Assets | $377M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.3B |
| TOTAL CURRENT LIABILITIES | $9.4B |
| Long-Term Debt | $838M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $878M |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $178M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $838M |
| Net Debt | $591M |
