| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $163M | $156M | -8.4% | -4.5% |
| Op. Income | $37M | $46M | $37M | -20.3% | -0.7% |
| Gross Margin | 42.1% | 45.5% | 46.0% | -3.4pp | -3.9pp |
| Net Margin | 18.4% | 21.0% | 16.4% | -2.7pp | 2.0pp |
| EPS (Diluted) | $7.98 | $9.94 | $6.84 | -19.7% | 16.7% |
| Free Cash Flow | $82M | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $20M |
| Other Expenses | $6M |
| Operating Expenses | $26M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $37M |
| Interest Income | $152M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $0 |
| EBIT | $37M |
| EBITDA | $37M |
| EPS | $9 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $20M |
| Other Expenses | $6M |
| Operating Expenses | $26M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $37M |
| Interest Income | $152M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $0 |
| EBIT | $37M |
| EBITDA | $37M |
| EPS | $9 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $28M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $188M |
| NET CASH FROM INVESTING | $216M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $46M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $128M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488M |
| Short-Term Investments | $100M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $595M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $610.2K |
| Long-Term Investments | $2.2B |
| Tax Assets | $32M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $0 |
| Short-Term Debt | $616M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $629M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $190.8K |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $134.0K |
| Additional Paid-In Capital | $135M |
| Retained Earnings | $311M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$667.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $445M |
| Minority Interest | $0 |
| TOTAL EQUITY | $445M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.2B |
| Net Debt | $1.8B |
