| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $208M | $195M | -4.0% | 2.7% |
| Op. Income | $84M | $94M | $82M | -10.8% | 2.2% |
| Gross Margin | 77.5% | 76.5% | 80.3% | 0.9pp | -2.8pp |
| Net Margin | 33.7% | 35.0% | 33.2% | -1.3pp | 0.5pp |
| EPS (Diluted) | $0.84 | $0.91 | $0.80 | -7.7% | 5.0% |
| Free Cash Flow | $109M | $148M | $95M | -26.1% | 14.9% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $38M |
| SG&A Expenses | $40M |
| Other Expenses | $31M |
| Operating Expenses | $71M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $84M |
| Interest Income | $191M |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $16M |
| 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 | $84M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $38M |
| SG&A Expenses | $40M |
| Other Expenses | $31M |
| Operating Expenses | $71M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $84M |
| Interest Income | $191M |
| Interest Expense | $50M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $16M |
| 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 | $84M |
| EBITDA | $88M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$86.0K |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$230M |
| Sales/Maturities of Investments | $211M |
| Other Investing Activities | -$360M |
| NET CASH FROM INVESTING | -$382M |
| Net Debt Issuance | $29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | -$231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $1.9B |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $138M |
| Goodwill | $372M |
| Intangible Assets | $6M |
| Long-Term Investments | $15.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$119M |
| TOTAL NON-CURRENT ASSETS | $16.0B |
| TOTAL ASSETS | $18.1B |
| Account Payables | $0 |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.7B |
| TOTAL CURRENT LIABILITIES | $14.7B |
| Long-Term Debt | $818M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $228M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $15.8B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $950M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$319M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $18.1B |
| Total Debt | $880M |
| Net Debt | $700M |
