| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365M | $355M | $340M | 2.7% | 7.2% |
| Op. Income | $117M | $109M | $93M | 7.9% | 25.7% |
| Gross Margin | 55.1% | 53.5% | 51.4% | 1.6pp | 3.6pp |
| Net Margin | 25.3% | 23.9% | 22.0% | 1.4pp | 3.3pp |
| EPS (Diluted) | $2.37 | $2.19 | $1.91 | 8.2% | 24.1% |
| Free Cash Flow | $148M | $87M | $120M | 70.0% | 24.0% |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $201M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $247M |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $15M |
| EBIT | $118M |
| EBITDA | $132M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $201M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $247M |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $113M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $15M |
| EBIT | $118M |
| EBITDA | $132M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $206.0K |
| Other Non-Cash Items | -$1.0K |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$253.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $26M |
| Net Receivables | $153M |
| Inventory | $10M |
| Other Current Assets | -$10M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $105M |
| Goodwill | $691M |
| Intangible Assets | $129M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $960M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $65M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $84M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $574M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $666M |
| TOTAL LIABILITIES | $857M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $782M |
| Retained Earnings | $309M |
| Treasury Stock | -$372M |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $654M |
| Minority Interest | $0 |
| TOTAL EQUITY | $654M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $574M |
| Net Debt | $250M |
