| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $128M | $85M | -1.4% | 48.5% |
| Op. Income | $73M | $60M | $48M | 21.3% | 50.0% |
| Gross Margin | 94.3% | 94.2% | 98.6% | 0.1pp | -4.3pp |
| Net Margin | 40.6% | 33.5% | 40.9% | 7.1pp | -0.3pp |
| EPS (Diluted) | $0.37 | $0.31 | $0.32 | 19.4% | 15.6% |
| Free Cash Flow | $53M | $51M | $45M | 3.7% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $15M |
| Operating Expenses | $47M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $73M |
| Interest Income | $115M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $6M |
| EBIT | $73M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $15M |
| Operating Expenses | $47M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $73M |
| Interest Income | $115M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $6M |
| EBIT | $73M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | $170M |
| NET CASH FROM INVESTING | $254M |
| Net Debt Issuance | -$127M |
| Common Stock Repurchased | -$735.0K |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$153M |
| NET CASH FROM FINANCING | -$300M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $1.7B |
| Net Receivables | $128M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $56M |
| Goodwill | $667M |
| Intangible Assets | $51M |
| Long-Term Investments | $8.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $337M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $0 |
| Short-Term Debt | $616M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.7B |
| TOTAL CURRENT LIABILITIES | $9.3B |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $602M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $642M |
| Net Debt | $462M |
