| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $213M | $205M | 16.1% | 20.5% |
| Op. Income | $29M | $26M | $26M | 14.7% | 13.0% |
| Gross Margin | 47.4% | 48.8% | 51.4% | -1.5pp | -4.0pp |
| Net Margin | 8.5% | 7.6% | 7.3% | 0.9pp | 1.2pp |
| EPS (Diluted) | $0.64 | $0.49 | $0.45 | 30.6% | 42.2% |
| Free Cash Flow | $57M | $30M | $17M | 91.8% | 241.3% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $117M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $897.0K |
| Operating Expenses | $86M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $29M |
| Interest Income | $390.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $17M |
| EBIT | $31M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $117M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $897.0K |
| Operating Expenses | $86M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $29M |
| Interest Income | $390.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $17M |
| EBIT | $31M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$73M |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $311.0K |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $24M |
| Net Receivables | $280M |
| Inventory | $0 |
| Other Current Assets | $157M |
| TOTAL CURRENT ASSETS | $600M |
| PP&E (Net) | $82M |
| Goodwill | $256M |
| Intangible Assets | $102M |
| Long-Term Investments | $2.0K |
| Tax Assets | $11M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $515M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $45M |
| Short-Term Debt | $8M |
| Deferred Revenue | $77M |
| Other Current Liabilities | $225M |
| TOTAL CURRENT LIABILITIES | $350M |
| Long-Term Debt | $352M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $403M |
| TOTAL LIABILITIES | $753M |
| Common Stock | $693.0K |
| Additional Paid-In Capital | $441M |
| Retained Earnings | $795M |
| Treasury Stock | -$842M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $361M |
| Minority Interest | $0 |
| TOTAL EQUITY | $361M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $360M |
| Net Debt | $221M |
