| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $201M | $195M | $165M | 3.1% | 21.9% |
| Op. Income | $85M | $82M | $83M | 4.2% | 3.1% |
| Gross Margin | 77.9% | 80.3% | 87.0% | -2.4pp | -9.2pp |
| Net Margin | 33.2% | 33.2% | 38.8% | 0.0pp | -5.5pp |
| EPS (Diluted) | $0.83 | $0.80 | $0.78 | 3.7% | 6.4% |
| Free Cash Flow | $86M | $95M | $84M | -9.8% | 1.6% |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $38M |
| SG&A Expenses | $40M |
| Other Expenses | $31M |
| Operating Expenses | $71M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $85M |
| Interest Income | $188M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $4M |
| EBIT | $85M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $38M |
| SG&A Expenses | $40M |
| Other Expenses | $31M |
| Operating Expenses | $71M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $85M |
| Interest Income | $188M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $4M |
| EBIT | $85M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$155M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$292M |
| NET CASH FROM INVESTING | -$374M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $385M |
| NET CASH FROM FINANCING | $225M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $1.7B |
| Net Receivables | $55M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $142M |
| Goodwill | $372M |
| Intangible Assets | $7M |
| Long-Term Investments | $14.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$59M |
| TOTAL NON-CURRENT ASSETS | $15.2B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $0 |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.1B |
| TOTAL CURRENT LIABILITIES | $14.1B |
| Long-Term Debt | $605M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $851M |
| TOTAL LIABILITIES | $15.0B |
| Common Stock | $899.0K |
| Additional Paid-In Capital | $943M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$291M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $663M |
| Net Debt | $468M |
