| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $433M | $386M | $381M | 12.4% | 13.7% |
| Op. Income | $145M | $116M | $131M | 24.8% | 10.1% |
| Gross Margin | 93.5% | 93.7% | 95.9% | -0.2pp | -2.4pp |
| Net Margin | 25.7% | 23.2% | 26.3% | 2.5pp | -0.6pp |
| EPS (Diluted) | $9.67 | $7.62 | $8.35 | 26.9% | 15.8% |
| Free Cash Flow | $116M | $78M | $434M | 48.9% | -73.3% |
| Item | Amount |
|---|---|
| REVENUE | $433M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $405M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $168M |
| SG&A Expenses | $168M |
| Other Expenses | $93M |
| Operating Expenses | $261M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $145M |
| Interest Income | $337M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $34M |
| EBIT | $145M |
| EBITDA | $179M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $433M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $405M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $168M |
| SG&A Expenses | $168M |
| Other Expenses | $93M |
| Operating Expenses | $261M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $145M |
| Interest Income | $337M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $34M |
| EBIT | $145M |
| EBITDA | $179M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $140M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $676M |
| Other Investing Activities | $76M |
| NET CASH FROM INVESTING | -$578M |
| Net Debt Issuance | -$44M |
| Common Stock Repurchased | -$98M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $526M |
| NET CASH FROM FINANCING | $379M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $269M |
| Short-Term Investments | $6.0B |
| Net Receivables | $114M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.2B |
| Goodwill | $236M |
| Intangible Assets | $67M |
| Long-Term Investments | $27.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $483M |
| TOTAL NON-CURRENT ASSETS | $29.6B |
| TOTAL ASSETS | $36.0B |
| Account Payables | $0 |
| Short-Term Debt | $509M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.2B |
| TOTAL CURRENT LIABILITIES | $31.7B |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $391M |
| TOTAL NON-CURRENT LIABILITIES | $732M |
| TOTAL LIABILITIES | $32.4B |
| Common Stock | $11M |
| Additional Paid-In Capital | $393M |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$207M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $36.0B |
| Total Debt | $850M |
| Net Debt | $581M |
