| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $104M | $95M | 0.8% | 10.7% |
| Op. Income | $33M | $34M | $31M | -2.8% | 6.2% |
| Gross Margin | 83.9% | 82.9% | 85.2% | 1.0pp | -1.3pp |
| Net Margin | 25.4% | 26.2% | 26.6% | -0.8pp | -1.1pp |
| EPS (Diluted) | $0.27 | $0.28 | $0.25 | -3.6% | 8.0% |
| Free Cash Flow | $42M | $7M | $31M | 518.6% | 34.9% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | $22M |
| Operating Expenses | $55M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $33M |
| Interest Income | $83M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | $22M |
| Operating Expenses | $55M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $33M |
| Interest Income | $83M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $888.0K |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $332M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $419M |
| Net Debt Issuance | -$479M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $58M |
| NET CASH FROM FINANCING | -$433M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $812M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $941M |
| PP&E (Net) | $138M |
| Goodwill | $304M |
| Intangible Assets | $17M |
| Long-Term Investments | $6.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $313M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $0 |
| Short-Term Debt | $84M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.7B |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $227M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $351M |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $114M |
| Additional Paid-In Capital | $494M |
| Retained Earnings | $560M |
| Treasury Stock | -$135M |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $318M |
| Net Debt | $189M |
