| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $191M | $193M | $184M | -0.9% | 4.1% |
| Op. Income | $74M | $67M | $68M | 10.4% | 8.2% |
| Gross Margin | 86.4% | 85.8% | 88.5% | 0.6pp | -2.1pp |
| Net Margin | 30.4% | 27.0% | 29.3% | 3.4pp | 1.1pp |
| EPS (Diluted) | $1.45 | $1.29 | $1.30 | 12.4% | 11.5% |
| Free Cash Flow | $68M | $39M | $96M | 76.3% | -29.0% |
| Item | Amount |
|---|---|
| REVENUE | $191M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $53M |
| SG&A Expenses | $55M |
| Other Expenses | $37M |
| Operating Expenses | $92M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $74M |
| Interest Income | $145M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $8M |
| EBIT | $74M |
| EBITDA | $81M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $191M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $53M |
| SG&A Expenses | $55M |
| Other Expenses | $37M |
| Operating Expenses | $92M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $74M |
| Interest Income | $145M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $8M |
| EBIT | $74M |
| EBITDA | $81M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$627M |
| Sales/Maturities of Investments | $493M |
| Other Investing Activities | -$110M |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $444M |
| NET CASH FROM FINANCING | $364M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $188M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $304M |
| Short-Term Investments | $2.6B |
| Net Receivables | $188M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $289M |
| Goodwill | $32M |
| Intangible Assets | $25M |
| Long-Term Investments | $14.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $584M |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $18.1B |
| Account Payables | $8M |
| Short-Term Debt | $604M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.8B |
| TOTAL CURRENT LIABILITIES | $16.4B |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $218M |
| TOTAL NON-CURRENT LIABILITIES | $412M |
| TOTAL LIABILITIES | $16.8B |
| Common Stock | $579.0K |
| Additional Paid-In Capital | $583M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $18.1B |
| Total Debt | $798M |
| Net Debt | $494M |
