| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | $180M | $172M | 2.3% | 6.6% |
| Op. Income | $68M | $70M | $64M | -2.7% | 6.5% |
| Gross Margin | 88.5% | 88.7% | 90.1% | -0.1pp | -1.5pp |
| Net Margin | 29.3% | 31.7% | 24.9% | -2.4pp | 4.4pp |
| EPS (Diluted) | $1.30 | $1.36 | $1.01 | -4.4% | 28.7% |
| Free Cash Flow | $96M | $77M | $20M | 24.3% | 383.8% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $56M |
| SG&A Expenses | $58M |
| Other Expenses | $36M |
| Operating Expenses | $95M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $68M |
| Interest Income | $143M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $4M |
| EBIT | $68M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $56M |
| SG&A Expenses | $58M |
| Other Expenses | $36M |
| Operating Expenses | $95M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $68M |
| Interest Income | $143M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $4M |
| EBIT | $68M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $283.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $271M |
| Other Investing Activities | -$220M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $184M |
| NET CASH FROM FINANCING | $84M |
| FREE CASH FLOW | $96M |
| Net Change in Cash | $191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $327M |
| Short-Term Investments | $2.0B |
| Net Receivables | $245M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $152M |
| Goodwill | $32M |
| Intangible Assets | $24M |
| Long-Term Investments | $13.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $501M |
| TOTAL NON-CURRENT ASSETS | $14.6B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $8M |
| Short-Term Debt | $504M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.0B |
| TOTAL CURRENT LIABILITIES | $15.5B |
| Long-Term Debt | $125M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $200M |
| TOTAL NON-CURRENT LIABILITIES | $336M |
| TOTAL LIABILITIES | $15.9B |
| Common Stock | $577.0K |
| Additional Paid-In Capital | $572M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$894M |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $640M |
| Net Debt | $313M |
