| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $180M | $157M | -0.1% | 14.0% |
| Op. Income | $64M | $49M | $54M | 32.0% | 20.4% |
| Gross Margin | 89.7% | 88.5% | 91.6% | 1.2pp | -1.9pp |
| Net Margin | 27.4% | 21.1% | 26.3% | 6.3pp | 1.1pp |
| EPS (Diluted) | $0.76 | $0.59 | $0.71 | 28.8% | 7.0% |
| Free Cash Flow | $6M | -$5M | $74M | 222.0% | -91.7% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $44M |
| Operating Expenses | $97M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $64M |
| Interest Income | $141M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $10M |
| EBIT | $64M |
| EBITDA | $74M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $44M |
| Operating Expenses | $97M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $64M |
| Interest Income | $141M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $10M |
| EBIT | $64M |
| EBITDA | $74M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$446M |
| Sales/Maturities of Investments | $329M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $260M |
| NET CASH FROM FINANCING | $238M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $2.7B |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $303M |
| Goodwill | $623M |
| Intangible Assets | $95M |
| Long-Term Investments | $9.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $507M |
| TOTAL NON-CURRENT ASSETS | $10.6B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $158M |
| Short-Term Debt | $637M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.8B |
| TOTAL CURRENT LIABILITIES | $12.6B |
| Long-Term Debt | $101M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $12.7B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $921M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $738M |
| Net Debt | -$532M |
