| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $115M | $112M | -1.2% | 2.0% |
| Op. Income | $50M | $51M | $54M | -1.7% | -7.0% |
| Gross Margin | 74.2% | 72.9% | 76.3% | 1.3pp | -2.1pp |
| Net Margin | 31.1% | 31.6% | 36.1% | -0.5pp | -5.0pp |
| EPS (Diluted) | $1.06 | $1.07 | $1.17 | -0.9% | -9.4% |
| Free Cash Flow | $40M | $41M | $57M | -4.1% | -30.1% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $20M |
| SG&A Expenses | $21M |
| Other Expenses | $13M |
| Operating Expenses | $35M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $50M |
| Interest Income | $107M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | -$3M |
| EBIT | $50M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $20M |
| SG&A Expenses | $21M |
| Other Expenses | $13M |
| Operating Expenses | $35M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $50M |
| Interest Income | $107M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | -$3M |
| EBIT | $50M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$371.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$668.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$244M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $767.0K |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$177M |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $843M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $42M |
| Goodwill | $104M |
| Intangible Assets | $571.0K |
| Long-Term Investments | $7.5B |
| Tax Assets | $30M |
| Other Non-Current Assets | $237M |
| TOTAL NON-CURRENT ASSETS | $7.9B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $0 |
| Short-Term Debt | $281M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.2B |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $218M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $293M |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $331.0K |
| Additional Paid-In Capital | $482M |
| Retained Earnings | $705M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $529M |
| Net Debt | $326M |
