| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $125M | $128M | -0.7% | -3.0% |
| Op. Income | $71M | $71M | $60M | -0.6% | 17.8% |
| Gross Margin | 95.8% | 94.5% | 94.2% | 1.3pp | 1.6pp |
| Net Margin | 41.1% | 40.2% | 33.5% | 0.9pp | 7.6pp |
| EPS (Diluted) | $0.37 | $0.36 | $0.31 | 2.8% | 19.4% |
| Free Cash Flow | $58M | $64M | $51M | -9.4% | 14.1% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $31M |
| SG&A Expenses | $33M |
| Other Expenses | $16M |
| Operating Expenses | $49M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $71M |
| Interest Income | $112M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $5M |
| EBIT | $71M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $31M |
| SG&A Expenses | $33M |
| Other Expenses | $16M |
| Operating Expenses | $49M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $71M |
| Interest Income | $112M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $5M |
| EBIT | $71M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$285M |
| Sales/Maturities of Investments | $130M |
| Other Investing Activities | -$55M |
| NET CASH FROM INVESTING | -$213M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$69M |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | -$252M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $1.7B |
| Net Receivables | $116M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $73M |
| Goodwill | $664M |
| Intangible Assets | $43M |
| Long-Term Investments | $8.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $264M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $0 |
| Short-Term Debt | $429M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.7B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $129M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $683M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $454M |
| Net Debt | $266M |
