| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $451M | $433M | $392M | 4.0% | 15.1% |
| Op. Income | $156M | $145M | $123M | 7.5% | 26.8% |
| Gross Margin | 93.7% | 93.5% | 97.2% | 0.2pp | -3.5pp |
| Net Margin | 26.5% | 25.7% | 23.8% | 0.8pp | 2.7pp |
| EPS (Diluted) | $10.56 | $9.67 | $7.77 | 9.2% | 35.9% |
| Free Cash Flow | $49M | $116M | $26M | -58.1% | 87.0% |
| Item | Amount |
|---|---|
| REVENUE | $451M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $422M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $169M |
| SG&A Expenses | $169M |
| Other Expenses | $97M |
| Operating Expenses | $267M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $156M |
| Interest Income | $351M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $28M |
| EBIT | $156M |
| EBITDA | $184M |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| REVENUE | $451M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $422M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $169M |
| SG&A Expenses | $169M |
| Other Expenses | $97M |
| Operating Expenses | $267M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $156M |
| Interest Income | $351M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $28M |
| EBIT | $156M |
| EBITDA | $184M |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$74M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$208M |
| NET CASH FROM INVESTING | -$401M |
| Net Debt Issuance | -$98M |
| Common Stock Repurchased | -$89M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $528M |
| NET CASH FROM FINANCING | $336M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $6.0B |
| Net Receivables | $115M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.2B |
| Goodwill | $297M |
| Intangible Assets | $70M |
| Long-Term Investments | $29.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $786M |
| TOTAL NON-CURRENT ASSETS | $31.2B |
| TOTAL ASSETS | $37.7B |
| Account Payables | $0 |
| Short-Term Debt | $545M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32.7B |
| TOTAL CURRENT LIABILITIES | $33.3B |
| Long-Term Debt | $370M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $446M |
| TOTAL NON-CURRENT LIABILITIES | $816M |
| TOTAL LIABILITIES | $34.1B |
| Common Stock | $11M |
| Additional Paid-In Capital | $304M |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$181M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $37.7B |
| Total Debt | $914M |
| Net Debt | $630M |
