| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $129M | $107M | -3.0% | 17.5% |
| Op. Income | $71M | $77M | $54M | -7.4% | 32.6% |
| Gross Margin | 94.5% | 94.0% | 96.0% | 0.5pp | -1.5pp |
| Net Margin | 40.2% | 42.1% | 36.1% | -1.9pp | 4.1pp |
| EPS (Diluted) | $0.36 | $0.39 | $0.30 | -7.7% | 20.0% |
| Free Cash Flow | $64M | $27M | $46M | 138.6% | 40.0% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $33M |
| SG&A Expenses | $34M |
| Other Expenses | $13M |
| Operating Expenses | $48M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $71M |
| Interest Income | $113M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $9M |
| EBIT | $71M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $33M |
| SG&A Expenses | $34M |
| Other Expenses | $13M |
| Operating Expenses | $48M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $71M |
| Interest Income | $113M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $9M |
| EBIT | $71M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$433.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$232M |
| Sales/Maturities of Investments | $288M |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | $100M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$723.0K |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $118M |
| NET CASH FROM FINANCING | $97M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $262M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $443M |
| Short-Term Investments | $1.6B |
| Net Receivables | $126M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $53M |
| Goodwill | $664M |
| Intangible Assets | $45M |
| Long-Term Investments | $8.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $355M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $0 |
| Short-Term Debt | $413M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.8B |
| TOTAL CURRENT LIABILITIES | $9.2B |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $657M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $439M |
| Net Debt | -$5M |
