| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $378M | $368M | $335M | 2.7% | 12.9% |
| Op. Income | $130M | $133M | $118M | -1.8% | 10.9% |
| Gross Margin | 87.9% | 90.3% | 93.9% | -2.4pp | -6.0pp |
| Net Margin | 30.8% | 32.4% | 31.8% | -1.6pp | -1.0pp |
| EPS (Diluted) | $1.79 | $1.82 | $1.61 | -1.6% | 11.2% |
| Free Cash Flow | $102M | $80M | $194M | 28.0% | -47.4% |
| Item | Amount |
|---|---|
| REVENUE | $378M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $332M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $119M |
| SG&A Expenses | $119M |
| Other Expenses | $83M |
| Operating Expenses | $202M |
| Cost & Expenses | $248M |
| OPERATING INCOME | $130M |
| Interest Income | $281M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $13M |
| EBIT | $130M |
| EBITDA | $143M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $378M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $332M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $119M |
| SG&A Expenses | $119M |
| Other Expenses | $83M |
| Operating Expenses | $202M |
| Cost & Expenses | $248M |
| OPERATING INCOME | $130M |
| Interest Income | $281M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $13M |
| EBIT | $130M |
| EBITDA | $143M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$305M |
| NET CASH FROM INVESTING | -$785M |
| Net Debt Issuance | -$140M |
| Common Stock Repurchased | -$519.0K |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$849M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $102M |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $12.0B |
| Net Receivables | $404M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.4B |
| PP&E (Net) | $750M |
| Goodwill | $655M |
| Intangible Assets | $3M |
| Long-Term Investments | $15.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $534M |
| TOTAL NON-CURRENT ASSETS | $17.3B |
| TOTAL ASSETS | $31.7B |
| Account Payables | $314M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.3B |
| TOTAL CURRENT LIABILITIES | $27.8B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $28.1B |
| Common Stock | $642.0K |
| Additional Paid-In Capital | $971M |
| Retained Earnings | $2.5B |
| Treasury Stock | -$112M |
| Accum. Other Comp. Income | $94M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $31.7B |
| Total Debt | $1.5B |
| Net Debt | -$495M |
