| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $366M | $374M | $342M | -2.1% | 6.8% |
| Op. Income | $111M | $111M | $108M | 0.2% | 2.2% |
| Gross Margin | 80.5% | 78.7% | 83.5% | 1.7pp | -3.0pp |
| Net Margin | 22.9% | 22.6% | 23.5% | 0.3pp | -0.6pp |
| EPS (Diluted) | $0.38 | $0.38 | $0.36 | 0.0% | 5.6% |
| Free Cash Flow | -$7M | $37M | $183M | -119.0% | -103.8% |
| Item | Amount |
|---|---|
| REVENUE | $366M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $128M |
| SG&A Expenses | $130M |
| Other Expenses | $53M |
| Operating Expenses | $183M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $111M |
| Interest Income | $281M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $10M |
| EBIT | $111M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $366M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $128M |
| SG&A Expenses | $130M |
| Other Expenses | $53M |
| Operating Expenses | $183M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $111M |
| Interest Income | $281M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $10M |
| EBIT | $111M |
| EBITDA | $121M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$152M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$134M |
| Sales/Maturities of Investments | $141M |
| Other Investing Activities | $357M |
| NET CASH FROM INVESTING | $359M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | -$40.0K |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $61M |
| NET CASH FROM FINANCING | -$185M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $2.8B |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $312M |
| Goodwill | $1.8B |
| Intangible Assets | $133M |
| Long-Term Investments | $20.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $508M |
| TOTAL NON-CURRENT ASSETS | $23.1B |
| TOTAL ASSETS | $28.8B |
| Account Payables | $0 |
| Short-Term Debt | $311M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.5B |
| TOTAL CURRENT LIABILITIES | $22.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $53M |
| Other Non-Current Liabilities | $298M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $24.5B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $770M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $28.8B |
| Total Debt | $1.7B |
| Net Debt | $338M |
