| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $98M | $89M | -0.0% | 11.2% |
| Op. Income | $31M | $34M | $28M | -10.3% | 9.2% |
| Gross Margin | 81.5% | 85.4% | 84.5% | -3.9pp | -3.0pp |
| Net Margin | 25.0% | 27.4% | 26.3% | -2.4pp | -1.3pp |
| EPS (Diluted) | $0.25 | $0.27 | $0.24 | -7.4% | 4.2% |
| Free Cash Flow | $15M | $39M | $20M | -62.7% | -25.6% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $18M |
| Operating Expenses | $50M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $31M |
| Interest Income | $80M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $2M |
| EBIT | $31M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $18M |
| Operating Expenses | $50M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $31M |
| Interest Income | $80M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $2M |
| EBIT | $31M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$88M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$145M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $222M |
| NET CASH FROM FINANCING | $65M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $893M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $129M |
| Goodwill | $274M |
| Intangible Assets | $13M |
| Long-Term Investments | $6.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $298M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $0 |
| Short-Term Debt | $566M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $178M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $278M |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $114M |
| Additional Paid-In Capital | $494M |
| Retained Earnings | $526M |
| Treasury Stock | -$132M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $998M |
| Minority Interest | $0 |
| TOTAL EQUITY | $998M |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $750M |
| Net Debt | $627M |
