| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $187M | $189M | $178M | -1.3% | 5.0% |
| Op. Income | $63M | $66M | $64M | -4.1% | -0.5% |
| Gross Margin | 80.1% | 79.5% | 83.7% | 0.6pp | -3.6pp |
| Net Margin | 27.2% | 27.9% | 28.5% | -0.6pp | -1.2pp |
| EPS (Diluted) | $0.51 | $0.53 | $0.51 | -3.8% | 0.0% |
| Free Cash Flow | $41M | $15M | $58M | 169.0% | -29.5% |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $59M |
| SG&A Expenses | $60M |
| Other Expenses | $26M |
| Operating Expenses | $86M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $63M |
| Interest Income | $154M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $7M |
| EBIT | $63M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $59M |
| SG&A Expenses | $60M |
| Other Expenses | $26M |
| Operating Expenses | $86M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $63M |
| Interest Income | $154M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $7M |
| EBIT | $63M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$789.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$52M |
| Purchases of Investments | -$106M |
| Sales/Maturities of Investments | $444M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | $248M |
| Net Debt Issuance | -$148M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$224M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $2.9B |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $214M |
| Goodwill | $938M |
| Intangible Assets | $80M |
| Long-Term Investments | $9.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $813M |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $422M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.1B |
| TOTAL CURRENT LIABILITIES | $11.7B |
| Long-Term Debt | $498M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $499M |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $685M |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $1.7B |
| Net Debt | $1.4B |
