| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $374M | $403M | $349M | -7.4% | 7.2% |
| Op. Income | $111M | $149M | $123M | -25.8% | -9.8% |
| Gross Margin | 78.7% | 81.7% | 86.6% | -3.0pp | -7.9pp |
| Net Margin | 22.6% | 27.7% | 26.1% | -5.1pp | -3.5pp |
| EPS (Diluted) | $0.38 | $0.51 | $0.41 | -25.5% | -7.3% |
| Free Cash Flow | $37M | -$67M | $266M | 155.2% | -86.1% |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $128M |
| SG&A Expenses | $132M |
| Other Expenses | $51M |
| Operating Expenses | $184M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $111M |
| Interest Income | $285M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $11M |
| EBIT | $111M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $128M |
| SG&A Expenses | $132M |
| Other Expenses | $51M |
| Operating Expenses | $184M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $111M |
| Interest Income | $285M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $11M |
| EBIT | $111M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$82M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$256M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | -$577M |
| NET CASH FROM INVESTING | -$720M |
| Net Debt Issuance | $285M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $605M |
| NET CASH FROM FINANCING | $838M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $2.8B |
| Net Receivables | $1.5B |
| Inventory | -$1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $312M |
| Goodwill | $1.8B |
| Intangible Assets | $171M |
| Long-Term Investments | $20.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $839M |
| TOTAL NON-CURRENT ASSETS | $23.4B |
| TOTAL ASSETS | $28.9B |
| Account Payables | $0 |
| Short-Term Debt | $297M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.4B |
| TOTAL CURRENT LIABILITIES | $22.7B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $24.6B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $733M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $28.9B |
| Total Debt | $1.9B |
| Net Debt | $685M |
