| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | — | $185M | — | 13.2% |
| Op. Income | $64M | — | -$114M | — | 156.0% |
| Gross Margin | 78.7% | — | 78.0% | — | 0.6pp |
| Net Margin | 28.8% | — | 61.3% | — | -32.5pp |
| EPS (Diluted) | $0.19 | — | $0.37 | — | -48.0% |
| Free Cash Flow | -$420M | — | $64M | — | -760.7% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $164M |
| R&D Expenses | $14M |
| Selling & Marketing | $19M |
| General & Administrative | $15M |
| SG&A Expenses | $34M |
| Other Expenses | $53M |
| Operating Expenses | $101M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $64M |
| Interest Income | -$19M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $8M |
| 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 | $0 |
| EBIT | $64M |
| EBITDA | $64M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $164M |
| R&D Expenses | $14M |
| Selling & Marketing | $19M |
| General & Administrative | $15M |
| SG&A Expenses | $34M |
| Other Expenses | $53M |
| Operating Expenses | $101M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $64M |
| Interest Income | -$19M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $8M |
| 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 | $0 |
| EBIT | $64M |
| EBITDA | $64M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$473M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$413M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $692M |
| Purchases of Investments | -$688M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $39M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$57M |
| Other Financing Activities | $182M |
| NET CASH FROM FINANCING | $119M |
| FREE CASH FLOW | -$420M |
| Net Change in Cash | -$256M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $340M |
| Short-Term Investments | $17M |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $539M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $34M |
| Goodwill | $7M |
| Intangible Assets | $9M |
| Long-Term Investments | $139M |
| Tax Assets | $19M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $0 |
| Short-Term Debt | $34M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | -$81.1K |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $824M |
| Retained Earnings | $287M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $9M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $47M |
| Net Debt | -$293M |
