| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | $181M | $213M | 2.6% | -12.9% |
| Op. Income | $86M | $27M | $100M | 224.3% | -13.5% |
| Gross Margin | 93.0% | 62.3% | 87.3% | 30.7pp | 5.7pp |
| Net Margin | 35.0% | 11.1% | 34.8% | 24.0pp | 0.2pp |
| EPS (Diluted) | $0.50 | $0.15 | $0.56 | 233.3% | -10.7% |
| Free Cash Flow | -$15M | $154M | $21M | -109.5% | -170.9% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $44M |
| SG&A Expenses | $46M |
| Other Expenses | $41M |
| Operating Expenses | $87M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $86M |
| Interest Income | $142M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $16M |
| EBIT | $86M |
| EBITDA | $102M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $173M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $44M |
| SG&A Expenses | $46M |
| Other Expenses | $41M |
| Operating Expenses | $87M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $86M |
| Interest Income | $142M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $16M |
| EBIT | $86M |
| EBITDA | $102M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$85M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $433M |
| Other Investing Activities | $253M |
| NET CASH FROM INVESTING | -$334M |
| Net Debt Issuance | -$200M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$464M |
| NET CASH FROM FINANCING | -$698M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $816M |
| Short-Term Investments | $5.7B |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $321M |
| Goodwill | $995M |
| Intangible Assets | $11M |
| Long-Term Investments | $13.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $15.7B |
| TOTAL ASSETS | $22.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.9B |
| TOTAL CURRENT LIABILITIES | $18.9B |
| Long-Term Debt | $200M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $479M |
| TOTAL NON-CURRENT LIABILITIES | $679M |
| TOTAL LIABILITIES | $19.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $446M |
| Treasury Stock | -$277M |
| Accum. Other Comp. Income | $51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $22.3B |
| Total Debt | $200M |
| Net Debt | -$616M |
