| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $423M | $464M | $433M | -8.7% | -2.4% |
| Op. Income | $74M | $132M | $145M | -43.7% | -48.8% |
| Gross Margin | 85.9% | 89.5% | 93.5% | -3.6pp | -7.6pp |
| Net Margin | 13.5% | 22.0% | 25.7% | -8.5pp | -12.2pp |
| EPS (Diluted) | $5.46 | $9.55 | $9.67 | -42.8% | -43.5% |
| Free Cash Flow | -$9M | $110M | $116M | -108.5% | -108.0% |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $187M |
| SG&A Expenses | $187M |
| Other Expenses | $102M |
| Operating Expenses | $290M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $74M |
| Interest Income | $370M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $33M |
| EBIT | $74M |
| EBITDA | $107M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $364M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $187M |
| SG&A Expenses | $187M |
| Other Expenses | $102M |
| Operating Expenses | $290M |
| Cost & Expenses | $349M |
| OPERATING INCOME | $74M |
| Interest Income | $370M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $33M |
| EBIT | $74M |
| EBITDA | $107M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$4.9B |
| Sales/Maturities of Investments | $3.7B |
| Other Investing Activities | -$297M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $614M |
| Common Stock Repurchased | -$156M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $707M |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $454M |
| Short-Term Investments | $8.5B |
| Net Receivables | $126M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $1.3B |
| Goodwill | $350M |
| Intangible Assets | $64M |
| Long-Term Investments | $30.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $707M |
| TOTAL NON-CURRENT ASSETS | $32.5B |
| TOTAL ASSETS | $41.6B |
| Account Payables | $0 |
| Short-Term Debt | $540M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35.3B |
| TOTAL CURRENT LIABILITIES | $35.9B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $37.6B |
| Common Stock | $10M |
| Additional Paid-In Capital | $340M |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $41.6B |
| Total Debt | $1.9B |
| Net Debt | $1.5B |
