| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $194M | $206M | $198M | -5.6% | -1.9% |
| Op. Income | $82M | $91M | $94M | -10.0% | -13.0% |
| Gross Margin | 84.6% | 86.7% | 90.5% | -2.1pp | -5.9pp |
| Net Margin | 30.9% | 32.8% | 5.9% | -1.9pp | 25.0pp |
| EPS (Diluted) | $0.44 | $0.50 | $0.08 | -12.0% | 450.0% |
| Free Cash Flow | $64M | $82M | $51M | -22.3% | 24.1% |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $41M |
| SG&A Expenses | $43M |
| Other Expenses | $39M |
| Operating Expenses | $82M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $82M |
| Interest Income | $168M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $13M |
| EBIT | $82M |
| EBITDA | $95M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $41M |
| SG&A Expenses | $43M |
| Other Expenses | $39M |
| Operating Expenses | $82M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $82M |
| Interest Income | $168M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $13M |
| EBIT | $82M |
| EBITDA | $95M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $175M |
| Other Investing Activities | -$513M |
| NET CASH FROM INVESTING | -$380M |
| Net Debt Issuance | $170M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $461M |
| NET CASH FROM FINANCING | $598M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $304M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $4.5B |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $305M |
| Goodwill | $995M |
| Intangible Assets | $16M |
| Long-Term Investments | $12.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $893M |
| TOTAL NON-CURRENT ASSETS | $15.1B |
| TOTAL ASSETS | $20.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.2B |
| TOTAL CURRENT LIABILITIES | $17.3B |
| Long-Term Debt | $600M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $293M |
| TOTAL NON-CURRENT LIABILITIES | $893M |
| TOTAL LIABILITIES | $18.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $292M |
| Treasury Stock | -$132M |
| Accum. Other Comp. Income | -$132M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $20.7B |
| Total Debt | $600M |
| Net Debt | -$404M |
