| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $194M | $198M | 9.7% | 7.6% |
| Op. Income | $94M | $82M | $92M | 14.5% | 2.2% |
| Gross Margin | 84.4% | 84.6% | 89.3% | -0.2pp | -4.9pp |
| Net Margin | 32.8% | 30.9% | 34.3% | 1.9pp | -1.5pp |
| EPS (Diluted) | $0.52 | $0.44 | $0.49 | 18.2% | 6.1% |
| Free Cash Flow | $54M | $64M | $43M | -15.2% | 24.2% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $45M |
| SG&A Expenses | $47M |
| Other Expenses | $39M |
| Operating Expenses | $86M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $94M |
| Interest Income | $173M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $15M |
| EBIT | $94M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $45M |
| SG&A Expenses | $47M |
| Other Expenses | $39M |
| Operating Expenses | $86M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $94M |
| Interest Income | $173M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $15M |
| EBIT | $94M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$930M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$126M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | -$356M |
| NET CASH FROM FINANCING | -$391M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$386M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $618M |
| Short-Term Investments | $4.5B |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $311M |
| Goodwill | $995M |
| Intangible Assets | $15M |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $910M |
| TOTAL NON-CURRENT ASSETS | $15.3B |
| TOTAL ASSETS | $20.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.8B |
| TOTAL CURRENT LIABILITIES | $16.8B |
| Long-Term Debt | $600M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $433M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $17.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $326M |
| Treasury Stock | -$134M |
| Accum. Other Comp. Income | -$79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $20.4B |
| Total Debt | $600M |
| Net Debt | -$18M |
