| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $93M | $75M | -5.5% | 18.1% |
| Op. Income | $36M | $37M | $28M | -0.6% | 27.8% |
| Gross Margin | 80.8% | 78.7% | 79.2% | 2.0pp | 1.6pp |
| Net Margin | 33.0% | 31.1% | 31.5% | 1.8pp | 1.5pp |
| EPS (Diluted) | $1.09 | $1.08 | $1.02 | 0.9% | 6.9% |
| Free Cash Flow | $24M | $44M | $48M | -46.7% | -51.2% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $13M |
| Operating Expenses | $35M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $36M |
| Interest Income | $77M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $36M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $13M |
| Operating Expenses | $35M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $36M |
| Interest Income | $77M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $36M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$81M |
| Net Debt Issuance | -$173M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $147M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $1.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $60M |
| Goodwill | $210M |
| Intangible Assets | $26M |
| Long-Term Investments | $5.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $238M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $0 |
| Short-Term Debt | $231M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.8B |
| TOTAL CURRENT LIABILITIES | $6.0B |
| Long-Term Debt | $398M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $465M |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $281.0K |
| Additional Paid-In Capital | $527M |
| Retained Earnings | $381M |
| Treasury Stock | -$58M |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $867M |
| Minority Interest | $0 |
| TOTAL EQUITY | $867M |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $629M |
| Net Debt | $461M |
