| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $366M | $348M | $347M | 5.0% | 5.2% |
| Op. Income | $137M | $120M | $141M | 14.4% | -2.6% |
| Gross Margin | 89.4% | 89.4% | 92.9% | 0.0pp | -3.4pp |
| Net Margin | 29.5% | 27.9% | 31.8% | 1.6pp | -2.2pp |
| EPS (Diluted) | $0.72 | $0.63 | $0.72 | 14.3% | 0.0% |
| Free Cash Flow | $101M | $131M | $136M | -23.2% | -25.8% |
| Item | Amount |
|---|---|
| REVENUE | $366M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $120M |
| SG&A Expenses | $126M |
| Other Expenses | $64M |
| Operating Expenses | $190M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $137M |
| Interest Income | $238M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $10M |
| EBIT | $137M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $366M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $120M |
| SG&A Expenses | $126M |
| Other Expenses | $64M |
| Operating Expenses | $190M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $137M |
| Interest Income | $238M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $10M |
| EBIT | $137M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$540M |
| Sales/Maturities of Investments | $583M |
| Other Investing Activities | -$151M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $437M |
| NET CASH FROM FINANCING | $362M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | $355M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $949M |
| Short-Term Investments | $8.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $364M |
| Goodwill | $139M |
| Intangible Assets | $9M |
| Long-Term Investments | $14.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $25.8B |
| Account Payables | $0 |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.8B |
| TOTAL CURRENT LIABILITIES | $22.2B |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $372M |
| TOTAL NON-CURRENT LIABILITIES | $377M |
| TOTAL LIABILITIES | $22.6B |
| Common Stock | $559M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $384M |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | $109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $3M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $25.8B |
| Total Debt | $2.4B |
| Net Debt | $1.5B |
