| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $464M | $456M | $386M | 1.7% | 20.3% |
| Op. Income | $132M | $160M | $116M | -17.9% | 13.5% |
| Gross Margin | 89.5% | 92.8% | 93.7% | -3.3pp | -4.2pp |
| Net Margin | 22.0% | 27.4% | 23.2% | -5.4pp | -1.2pp |
| EPS (Diluted) | $9.55 | $11.27 | $7.62 | -15.3% | 25.3% |
| Free Cash Flow | $110M | $145M | $78M | -24.5% | 40.4% |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $415M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $179M |
| SG&A Expenses | $182M |
| Other Expenses | $102M |
| Operating Expenses | $284M |
| Cost & Expenses | $332M |
| OPERATING INCOME | $132M |
| Interest Income | $354M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $33M |
| EBIT | $132M |
| EBITDA | $164M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $415M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $179M |
| SG&A Expenses | $182M |
| Other Expenses | $102M |
| Operating Expenses | $284M |
| Cost & Expenses | $332M |
| OPERATING INCOME | $132M |
| Interest Income | $354M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $33M |
| EBIT | $132M |
| EBITDA | $164M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | -$163M |
| Purchases of Investments | -$916M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$646M |
| NET CASH FROM INVESTING | -$460M |
| Net Debt Issuance | $181M |
| Common Stock Repurchased | -$132M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $361M |
| NET CASH FROM FINANCING | $406M |
| FREE CASH FLOW | $110M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $377M |
| Short-Term Investments | $8.2B |
| Net Receivables | $123M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $1.2B |
| Goodwill | $349M |
| Intangible Assets | $68M |
| Long-Term Investments | $28.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $657M |
| TOTAL NON-CURRENT ASSETS | $31.2B |
| TOTAL ASSETS | $39.8B |
| Account Payables | $0 |
| Short-Term Debt | $443M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.4B |
| TOTAL CURRENT LIABILITIES | $34.9B |
| Long-Term Debt | $884M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $480M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $36.2B |
| Common Stock | $11M |
| Additional Paid-In Capital | $44M |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $39.8B |
| Total Debt | $1.3B |
| Net Debt | $950M |
