| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $461M | $471M | $466M | -2.2% | -1.1% |
| Op. Income | $132M | $132M | $133M | -0.1% | -0.3% |
| Gross Margin | 54.4% | 52.6% | 57.4% | 1.9pp | -3.0pp |
| Net Margin | 22.0% | 21.0% | 21.8% | 0.9pp | 0.1pp |
| EPS (Diluted) | $0.59 | $0.58 | $0.57 | 1.7% | 3.5% |
| Free Cash Flow | $171M | $79M | $319M | 116.1% | -46.2% |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $104M |
| SG&A Expenses | $104M |
| Other Expenses | $15M |
| Operating Expenses | $119M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $132M |
| Interest Income | $451M |
| Interest Expense | $208M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $7M |
| EBIT | $132M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $461M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $251M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $104M |
| SG&A Expenses | $104M |
| Other Expenses | $15M |
| Operating Expenses | $119M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $132M |
| Interest Income | $451M |
| Interest Expense | $208M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $132M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $7M |
| EBIT | $132M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $59M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$399M |
| Sales/Maturities of Investments | $381M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $931M |
| Common Stock Repurchased | -$48.0K |
| Common Dividends Paid | -$79M |
| Other Financing Activities | $85M |
| NET CASH FROM FINANCING | $928M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $742M |
| Short-Term Investments | $4.5B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.5B |
| PP&E (Net) | $599M |
| Goodwill | $2.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $40.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $47.1B |
| TOTAL ASSETS | $53.6B |
| Account Payables | $0 |
| Short-Term Debt | $800M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.7B |
| TOTAL CURRENT LIABILITIES | $32.5B |
| Long-Term Debt | $13.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $428M |
| TOTAL NON-CURRENT LIABILITIES | $14.5B |
| TOTAL LIABILITIES | $46.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $342M |
| Treasury Stock | -$221M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $53.6B |
| Total Debt | $14.8B |
| Net Debt | $14.1B |
