| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226M | $212M | $185M | 6.8% | 22.4% |
| Op. Income | $172M | $163M | $140M | 5.8% | 22.9% |
| Gross Margin | 95.6% | 97.7% | 97.1% | -2.1pp | -1.5pp |
| Net Margin | 63.9% | 64.4% | 62.7% | -0.5pp | 1.2pp |
| EPS (Diluted) | $1.47 | $1.39 | $1.18 | 5.8% | 24.6% |
| Free Cash Flow | $159M | $126M | $142M | 25.8% | 11.4% |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $20M |
| Operating Expenses | $44M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $172M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $942.0K |
| EBIT | $175M |
| EBITDA | $176M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $20M |
| Operating Expenses | $44M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $172M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $942.0K |
| EBIT | $175M |
| EBITDA | $176M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $942.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $159M |
| Capital Expenditure | -$526.0K |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$282M |
| Sales/Maturities of Investments | $168M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$119M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$616.0K |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $159M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $253M |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $16M |
| Long-Term Investments | $3.2B |
| Tax Assets | -$16M |
| Other Non-Current Assets | $128M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $0 |
| Short-Term Debt | $693.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $247M |
| Long-Term Debt | $224M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $237M |
| Other Non-Current Liabilities | $406M |
| TOTAL NON-CURRENT LIABILITIES | $867M |
| TOTAL LIABILITIES | $867M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $236M |
| Net Debt | $175M |
