| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $184M | $175M | 2.3% | 7.5% |
| Op. Income | $72M | $68M | $64M | 6.3% | 12.4% |
| Gross Margin | 87.3% | 88.5% | 90.1% | -1.2pp | -2.8pp |
| Net Margin | 31.3% | 29.3% | 30.9% | 1.9pp | 0.4pp |
| EPS (Diluted) | $1.43 | $1.30 | $1.28 | 10.0% | 11.7% |
| Free Cash Flow | $6M | $96M | $65M | -94.2% | -91.5% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $58M |
| SG&A Expenses | $59M |
| Other Expenses | $32M |
| Operating Expenses | $92M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $72M |
| Interest Income | $146M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $7M |
| EBIT | $72M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $58M |
| SG&A Expenses | $59M |
| Other Expenses | $32M |
| Operating Expenses | $92M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $72M |
| Interest Income | $146M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $7M |
| EBIT | $72M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $718.0K |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$708M |
| Sales/Maturities of Investments | $674M |
| Other Investing Activities | -$103M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $240M |
| NET CASH FROM FINANCING | $148M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $1.9B |
| Net Receivables | $247M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $264M |
| Goodwill | $32M |
| Intangible Assets | $24M |
| Long-Term Investments | $14.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $555M |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $17.4B |
| Account Payables | $8M |
| Short-Term Debt | $504M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.3B |
| TOTAL CURRENT LIABILITIES | $15.8B |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $397M |
| TOTAL LIABILITIES | $16.2B |
| Common Stock | $578.0K |
| Additional Paid-In Capital | $575M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$936M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $17.4B |
| Total Debt | $726M |
| Net Debt | $429M |
