| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $466M | $448M | $416M | 4.0% | 12.1% |
| Op. Income | $133M | $137M | $145M | -3.1% | -8.5% |
| Gross Margin | 57.4% | 60.5% | 70.6% | -3.1pp | -13.2pp |
| Net Margin | 21.8% | 23.8% | 32.8% | -2.0pp | -11.0pp |
| EPS (Diluted) | $0.57 | $0.60 | $0.78 | -5.0% | -26.9% |
| Free Cash Flow | $319M | -$127M | $11M | 350.2% | 2852.6% |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $268M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $109M |
| SG&A Expenses | $109M |
| Other Expenses | $26M |
| Operating Expenses | $135M |
| Cost & Expenses | $333M |
| OPERATING INCOME | $133M |
| Interest Income | $443M |
| Interest Expense | $196M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $8M |
| EBIT | $133M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $268M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $109M |
| SG&A Expenses | $109M |
| Other Expenses | $26M |
| Operating Expenses | $135M |
| Cost & Expenses | $333M |
| OPERATING INCOME | $133M |
| Interest Income | $443M |
| Interest Expense | $196M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $8M |
| EBIT | $133M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $212M |
| OPERATING CASH FLOW | $321M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $371M |
| Other Investing Activities | -$315M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $367M |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | $445M |
| NET CASH FROM FINANCING | $560M |
| FREE CASH FLOW | $319M |
| Net Change in Cash | -$257M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $4.4B |
| Net Receivables | $683M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $346M |
| Goodwill | $2.4B |
| Intangible Assets | $780.0K |
| Long-Term Investments | $39.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $45.4B |
| TOTAL ASSETS | $51.9B |
| Account Payables | $0 |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30.8B |
| TOTAL CURRENT LIABILITIES | $31.3B |
| Long-Term Debt | $13.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $272M |
| TOTAL NON-CURRENT LIABILITIES | $14.0B |
| TOTAL LIABILITIES | $45.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $297M |
| Treasury Stock | -$162M |
| Accum. Other Comp. Income | -$88M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $51.9B |
| Total Debt | $14.2B |
| Net Debt | $12.7B |
