| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | $157M | $139M | -0.6% | 12.4% |
| Op. Income | $48M | $51M | $46M | -4.9% | 5.1% |
| Gross Margin | 89.2% | 89.7% | 92.4% | -0.5pp | -3.2pp |
| Net Margin | 25.4% | 25.3% | 27.2% | 0.1pp | -1.9pp |
| EPS (Diluted) | $1.15 | $1.14 | $1.17 | 0.9% | -1.7% |
| Free Cash Flow | -$24M | -$85M | $49M | 71.1% | -149.7% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $60M |
| Other Expenses | $31M |
| Operating Expenses | $91M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $48M |
| Interest Income | $131M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $9M |
| 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 | $48M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $60M |
| Other Expenses | $31M |
| Operating Expenses | $91M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $48M |
| Interest Income | $131M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $9M |
| 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 | $48M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$72M |
| Change in Working Capital | $59.0K |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | -$81M |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | -$222M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $454M |
| NET CASH FROM FINANCING | $196M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $1.5B |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $171M |
| Goodwill | $339M |
| Intangible Assets | $27M |
| Long-Term Investments | $9.2B |
| Tax Assets | $59M |
| Other Non-Current Assets | $385M |
| TOTAL NON-CURRENT ASSETS | $10.2B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.7B |
| TOTAL CURRENT LIABILITIES | $9.9B |
| Long-Term Debt | $615M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $657M |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $204M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $615M |
| Net Debt | $291M |
