| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $205M | $201M | $175M | 2.3% | 17.1% |
| Op. Income | $87M | $85M | $85M | 1.6% | 2.3% |
| Gross Margin | 76.1% | 77.9% | 84.3% | -1.8pp | -8.2pp |
| Net Margin | 35.2% | 33.2% | 42.0% | 2.0pp | -6.8pp |
| EPS (Diluted) | $0.90 | $0.83 | $0.90 | 8.4% | 0.0% |
| Free Cash Flow | $85M | $86M | $63M | -0.7% | 34.8% |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $979.0K |
| General & Administrative | $38M |
| SG&A Expenses | $39M |
| Other Expenses | $30M |
| Operating Expenses | $70M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $87M |
| Interest Income | $192M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $4M |
| EBIT | $87M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $979.0K |
| General & Administrative | $38M |
| SG&A Expenses | $39M |
| Other Expenses | $30M |
| Operating Expenses | $70M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $87M |
| Interest Income | $192M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $4M |
| EBIT | $87M |
| EBITDA | $90M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$271M |
| Sales/Maturities of Investments | $159M |
| Other Investing Activities | -$328M |
| NET CASH FROM INVESTING | -$440M |
| Net Debt Issuance | $145M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $277M |
| NET CASH FROM FINANCING | $373M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | $1.8B |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $139M |
| Goodwill | $372M |
| Intangible Assets | $7M |
| Long-Term Investments | $15.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$102M |
| TOTAL NON-CURRENT ASSETS | $15.5B |
| TOTAL ASSETS | $17.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.4B |
| TOTAL CURRENT LIABILITIES | $14.4B |
| Long-Term Debt | $751M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $255M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $15.4B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $945M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$314M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $17.6B |
| Total Debt | $788M |
| Net Debt | $582M |
