| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $244M | $307M | -6.6% | -26.0% |
| Op. Income | $258M | $326M | $288M | -21.0% | -10.6% |
| Gross Margin | 95.9% | 96.3% | 96.1% | -0.4pp | -0.2pp |
| Net Margin | 25.8% | 48.5% | 38.4% | -22.7pp | -12.6pp |
| EPS (Diluted) | $0.64 | $1.61 | $1.75 | -60.2% | -63.4% |
| Free Cash Flow | -$85M | -$62M | $0 | -36.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$30M |
| OPERATING INCOME | $258M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$199M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $155.0K |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $0 |
| EBIT | $258M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$30M |
| OPERATING INCOME | $258M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$199M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $155.0K |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $0 |
| EBIT | $258M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$89M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | -$85M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $2.3B |
| Other Investing Activities | $154M |
| NET CASH FROM INVESTING | $1.3B |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $196M |
| Inventory | $0 |
| Other Current Assets | -$250M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $27.6B |
| Account Payables | $0 |
| Short-Term Debt | $15.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $16.6B |
| Long-Term Debt | $7.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $739M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $27.6B |
| Total Debt | $22.5B |
| Net Debt | $22.5B |
