| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $201M | $193M | $167M | 3.8% | 19.7% |
| Op. Income | $150M | $152M | $122M | -1.5% | 23.1% |
| Gross Margin | 96.5% | 100.5% | 96.8% | -4.1pp | -0.4pp |
| Net Margin | 63.7% | 66.6% | 66.3% | -2.9pp | -2.6pp |
| EPS (Diluted) | $1.30 | $1.31 | $1.13 | -0.8% | 15.0% |
| Free Cash Flow | $138M | $138M | $221M | -0.4% | -37.8% |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $193M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $20M |
| Operating Expenses | $44M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $150M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $901.0K |
| EBIT | $152M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $193M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $20M |
| Operating Expenses | $44M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $150M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $901.0K |
| EBIT | $152M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $901.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$249M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$155M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $211M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $290M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | -$16M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $0 |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $224M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $196M |
| Other Non-Current Liabilities | $406M |
| TOTAL NON-CURRENT LIABILITIES | $825M |
| TOTAL LIABILITIES | $825M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $237M |
| Net Debt | $183M |
