| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $163M | $227M | $318M | -28.1% | -48.7% |
| Op. Income | $295M | $258M | $330M | 14.5% | -10.6% |
| Gross Margin | 92.5% | 95.9% | 96.5% | -3.4pp | -4.0pp |
| Net Margin | 65.1% | 25.8% | 49.4% | 39.2pp | 15.7pp |
| EPS (Diluted) | $1.40 | $0.64 | $2.36 | 118.7% | -40.7% |
| Free Cash Flow | $2M | -$85M | $0 | 102.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $163M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$131M |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $0 |
| EBIT | $295M |
| EBITDA | $295M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $163M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$131M |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $0 |
| EBIT | $295M |
| EBITDA | $295M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$96M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$261M |
| Sales/Maturities of Investments | $809M |
| Other Investing Activities | -$799M |
| NET CASH FROM INVESTING | -$251M |
| Net Debt Issuance | $93M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $375M |
| NET CASH FROM FINANCING | $355M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $0 |
| Net Receivables | $126M |
| Inventory | $0 |
| Other Current Assets | -$286M |
| 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 | $28.6B |
| Account Payables | $0 |
| Short-Term Debt | $15.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $17.1B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.6B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $24.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $769M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $28.6B |
| Total Debt | $22.9B |
| Net Debt | $22.8B |
