| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $180M | $166M | -2.4% | 5.6% |
| Op. Income | $69M | $64M | $52M | 7.0% | 32.0% |
| Gross Margin | 91.1% | 89.7% | 91.4% | 1.3pp | -0.3pp |
| Net Margin | 29.9% | 27.4% | 24.4% | 2.6pp | 5.6pp |
| EPS (Diluted) | $0.80 | $0.76 | $0.67 | 5.3% | 19.4% |
| Free Cash Flow | $64M | $6M | $43M | 952.5% | 50.4% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $41M |
| Operating Expenses | $91M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $69M |
| Interest Income | $140M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $10M |
| EBIT | $69M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $41M |
| Operating Expenses | $91M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $69M |
| Interest Income | $140M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $10M |
| EBIT | $69M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$530M |
| Sales/Maturities of Investments | $299M |
| Other Investing Activities | $69M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$75M |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $3.0B |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $306M |
| Goodwill | $622M |
| Intangible Assets | $92M |
| Long-Term Investments | $9.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $490M |
| TOTAL NON-CURRENT ASSETS | $10.6B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $142M |
| Short-Term Debt | $698M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.7B |
| TOTAL CURRENT LIABILITIES | $12.5B |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $954M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $798M |
| Net Debt | -$278M |
