| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $185M | $166M | 5.4% | 17.3% |
| Op. Income | $82M | $88M | $77M | -7.5% | 6.1% |
| Gross Margin | 80.3% | 83.6% | 86.4% | -3.3pp | -6.1pp |
| Net Margin | 33.2% | 37.8% | 15.6% | -4.6pp | 17.6pp |
| EPS (Diluted) | $0.80 | $0.85 | $0.32 | -5.9% | 150.0% |
| Free Cash Flow | $95M | $87M | $123M | 8.7% | -22.8% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $37M |
| SG&A Expenses | $40M |
| Other Expenses | $35M |
| Operating Expenses | $74M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $82M |
| Interest Income | $184M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $2M |
| EBIT | $82M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $37M |
| SG&A Expenses | $40M |
| Other Expenses | $35M |
| Operating Expenses | $74M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $82M |
| Interest Income | $184M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $2M |
| EBIT | $82M |
| EBITDA | $84M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | -$4M |
| Other Investing Activities | -$273M |
| NET CASH FROM INVESTING | -$328M |
| Net Debt Issuance | $200M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $122M |
| NET CASH FROM FINANCING | $254M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $1.6B |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $103M |
| Goodwill | $372M |
| Intangible Assets | $7M |
| Long-Term Investments | $14.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$55M |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.7B |
| TOTAL CURRENT LIABILITIES | $13.7B |
| Long-Term Debt | $737M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $224M |
| TOTAL NON-CURRENT LIABILITIES | $961M |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $898.0K |
| Additional Paid-In Capital | $942M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$282M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $737M |
| Net Debt | $511M |
