| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $944M | $778M | 13.2% | 37.4% |
| Op. Income | $107M | $54M | $37M | 100.7% | 189.5% |
| Gross Margin | 36.7% | 32.8% | 36.3% | 3.9pp | 0.4pp |
| Net Margin | 26.0% | 4.4% | 3.6% | 21.6pp | 22.4pp |
| EPS (Diluted) | $1.84 | $0.27 | $0.17 | 581.5% | 982.4% |
| Free Cash Flow | $186M | $193M | $203M | -3.8% | -8.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $676M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $285M |
| Operating Expenses | $285M |
| Cost & Expenses | $962M |
| OPERATING INCOME | $107M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | -$171M |
| Net Income from Continuing Ops | $278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $278M |
| D&A | $84M |
| EBIT | $143M |
| EBITDA | $227M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $676M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $285M |
| Operating Expenses | $285M |
| Cost & Expenses | $962M |
| OPERATING INCOME | $107M |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | -$171M |
| Net Income from Continuing Ops | $278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $278M |
| D&A | $84M |
| EBIT | $143M |
| EBITDA | $227M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $278M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$172M |
| Other Non-Cash Items | -$175M |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $859M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$354M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$73M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $89M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $186M |
| Net Change in Cash | -$167M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $21.3B |
| Net Receivables | $5.2B |
| Inventory | $0 |
| Other Current Assets | -$26.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$22.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $33.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $29.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $536M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $33.6B |
| Total Debt | $3.8B |
| Net Debt | $3.7B |
