| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $99M | $85M | -4.7% | 11.1% |
| Op. Income | $31M | $40M | $31M | -21.7% | 1.0% |
| Gross Margin | 85.2% | 89.5% | 91.7% | -4.3pp | -6.5pp |
| Net Margin | 26.6% | 32.3% | 25.0% | -5.7pp | 1.6pp |
| EPS (Diluted) | $0.25 | $0.32 | $0.22 | -21.9% | 13.6% |
| Free Cash Flow | $31M | $36M | $17M | -15.3% | 79.7% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $18M |
| Operating Expenses | $50M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $31M |
| Interest Income | $75M |
| Interest Expense | $11M |
| 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 | $95M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $18M |
| Operating Expenses | $50M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $31M |
| Interest Income | $75M |
| Interest Expense | $11M |
| 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 | $2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $198.0K |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | $52M |
| Common Stock Repurchased | -$52.0K |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $889M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $985M |
| PP&E (Net) | $80M |
| Goodwill | $274M |
| Intangible Assets | $14M |
| Long-Term Investments | $6.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $298M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $0 |
| Short-Term Debt | $588M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $178M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $230M |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $114M |
| Additional Paid-In Capital | $492M |
| Retained Earnings | $493M |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $973M |
| Minority Interest | $0 |
| TOTAL EQUITY | $973M |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $773M |
| Net Debt | $677M |
