| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $353M | $163M | $353M | 115.8% | -0.1% |
| Op. Income | $290M | $295M | $88M | -1.8% | 227.8% |
| Gross Margin | 95.5% | 92.5% | 96.2% | 3.0pp | -0.7pp |
| Net Margin | 36.9% | 65.1% | -29.1% | -28.1pp | 66.1pp |
| EPS (Diluted) | $1.78 | $1.40 | $-1.87 | 27.1% | 195.2% |
| Free Cash Flow | $210M | $2M | -$192M | 9073.7% | 209.2% |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $63M |
| OPERATING INCOME | $290M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $37.0K |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $0 |
| EBIT | $290M |
| EBITDA | $290M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $63M |
| OPERATING INCOME | $290M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $37.0K |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $0 |
| EBIT | $290M |
| EBITDA | $290M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $116M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$403M |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | -$544M |
| NET CASH FROM INVESTING | $1.0B |
| 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 | $210M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $563M |
| Inventory | $0 |
| Other Current Assets | -$673M |
| 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 | $27.1B |
| Account Payables | $0 |
| Short-Term Debt | $15.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $16.5B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $23.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $708M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $21.7B |
| Net Debt | $21.6B |
