| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $193M | $185M | $161M | 4.4% | 19.9% |
| Op. Income | $152M | $140M | $105M | 8.5% | 44.3% |
| Gross Margin | 100.5% | 97.1% | 89.2% | 3.5pp | 11.4pp |
| Net Margin | 66.6% | 62.7% | 100.9% | 3.8pp | -34.4pp |
| EPS (Diluted) | $1.31 | $1.18 | $1.65 | 11.0% | -20.6% |
| Free Cash Flow | $138M | $142M | $116M | -2.9% | 18.7% |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | -$999.0K |
| GROSS PROFIT | $194M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $19M |
| Operating Expenses | $42M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $865.0K |
| EBIT | $155M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | -$999.0K |
| GROSS PROFIT | $194M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $19M |
| Operating Expenses | $42M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $865.0K |
| EBIT | $155M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $865.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$265M |
| Sales/Maturities of Investments | $168M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | -$64.0K |
| Common Stock Repurchased | -$210.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$274.0K |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $2.8B |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | -$2.8B |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $19M |
| Long-Term Investments | -$2.7B |
| Tax Assets | -$19M |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $518M |
| TOTAL CURRENT LIABILITIES | $561M |
| Long-Term Debt | $224M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $224M |
| TOTAL LIABILITIES | $784M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $224M |
| Net Debt | $159M |
