| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $226M | $193M | 1.0% | 18.5% |
| Op. Income | $174M | $172M | $152M | 1.3% | 14.7% |
| Gross Margin | 95.2% | 95.6% | 100.5% | -0.4pp | -5.3pp |
| Net Margin | 64.2% | 63.9% | 66.6% | 0.4pp | -2.3pp |
| EPS (Diluted) | $1.49 | $1.47 | $1.31 | 1.4% | 13.7% |
| Free Cash Flow | $164M | $159M | $138M | 3.5% | 18.7% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $21M |
| Operating Expenses | $43M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $1M |
| EBIT | $177M |
| EBITDA | $178M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $21M |
| Operating Expenses | $43M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $1M |
| EBIT | $177M |
| EBITDA | $178M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$334M |
| Sales/Maturities of Investments | $206M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$164.0K |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $164M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $3.4B |
| Net Receivables | $41M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | -$3.3B |
| Tax Assets | -$18M |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $598M |
| TOTAL CURRENT LIABILITIES | $664M |
| Long-Term Debt | $224M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $224M |
| TOTAL LIABILITIES | $889M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $224M |
| Net Debt | $153M |
