| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | $471M | $448M | -0.1% | 5.1% |
| Op. Income | $132M | $130M | $137M | 1.4% | -3.3% |
| Gross Margin | 52.6% | 53.8% | 60.5% | -1.2pp | -8.0pp |
| Net Margin | 21.0% | 20.6% | 23.8% | 0.4pp | -2.8pp |
| EPS (Diluted) | $0.58 | $0.57 | $0.60 | 1.8% | -3.3% |
| Free Cash Flow | $79M | $101M | -$127M | -21.1% | 162.2% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $102M |
| SG&A Expenses | $102M |
| Other Expenses | $14M |
| Operating Expenses | $115M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $132M |
| Interest Income | $455M |
| Interest Expense | $219M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $7M |
| EBIT | $132M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $102M |
| SG&A Expenses | $102M |
| Other Expenses | $14M |
| Operating Expenses | $115M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $132M |
| Interest Income | $455M |
| Interest Expense | $219M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $90M |
| D&A | $7M |
| EBIT | $132M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$149M |
| Net Debt Issuance | $544M |
| Common Stock Repurchased | -$345.0K |
| Common Dividends Paid | -$79M |
| Other Financing Activities | -$760M |
| NET CASH FROM FINANCING | -$304M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | -$374M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $855M |
| Short-Term Investments | $4.1B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $623M |
| Goodwill | $2.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $39.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.8B |
| TOTAL NON-CURRENT ASSETS | $46.5B |
| TOTAL ASSETS | $52.5B |
| Account Payables | $0 |
| Short-Term Debt | $800M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.6B |
| TOTAL CURRENT LIABILITIES | $32.4B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $343M |
| TOTAL NON-CURRENT LIABILITIES | $13.5B |
| TOTAL LIABILITIES | $45.8B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $328M |
| Treasury Stock | -$221M |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $52.5B |
| Total Debt | $13.9B |
| Net Debt | $13.1B |
