| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $107M | $86M | 20.4% | 49.6% |
| Op. Income | $60M | $54M | $50M | 11.9% | 19.2% |
| Gross Margin | 94.2% | 96.0% | 99.8% | -1.8pp | -5.6pp |
| Net Margin | 33.5% | 36.1% | 20.7% | -2.6pp | 12.8pp |
| EPS (Diluted) | $0.31 | $0.30 | $0.16 | 3.3% | 93.8% |
| Free Cash Flow | $51M | $46M | $30M | 11.1% | 68.4% |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $31M |
| SG&A Expenses | $33M |
| Other Expenses | $29M |
| Operating Expenses | $61M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $60M |
| Interest Income | $117M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $9M |
| EBIT | $60M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $31M |
| SG&A Expenses | $33M |
| Other Expenses | $29M |
| Operating Expenses | $61M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $60M |
| Interest Income | $117M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $9M |
| EBIT | $60M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$711.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$809.0K |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | -$170M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $250M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$239M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $1.7B |
| Net Receivables | $157M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $58M |
| Goodwill | $667M |
| Intangible Assets | $54M |
| Long-Term Investments | $8.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $0 |
| Short-Term Debt | $722M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.8B |
| TOTAL CURRENT LIABILITIES | $9.5B |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $576M |
| 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 | $11.5B |
| Total Debt | $748M |
| Net Debt | $576M |
