| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $375M | $374M | $340M | 0.3% | 10.3% |
| Op. Income | $116M | $115M | $108M | 0.5% | 7.4% |
| Gross Margin | 75.2% | 76.4% | 82.1% | -1.2pp | -6.9pp |
| Net Margin | 25.1% | 26.8% | 25.6% | -1.7pp | -0.5pp |
| EPS (Diluted) | $0.28 | $0.30 | $0.26 | -6.7% | 7.7% |
| Free Cash Flow | $7M | $78M | $201M | -91.1% | -96.5% |
| Item | Amount |
|---|---|
| REVENUE | $375M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $97M |
| SG&A Expenses | $97M |
| Other Expenses | $69M |
| Operating Expenses | $166M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $116M |
| Interest Income | $310M |
| Interest Expense | $79M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $7M |
| EBIT | $116M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $375M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $97M |
| SG&A Expenses | $97M |
| Other Expenses | $69M |
| Operating Expenses | $166M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $116M |
| Interest Income | $310M |
| Interest Expense | $79M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $7M |
| EBIT | $116M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$77M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200M |
| Sales/Maturities of Investments | $249M |
| Other Investing Activities | -$467M |
| NET CASH FROM INVESTING | -$428M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $429M |
| NET CASH FROM FINANCING | $420M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $497M |
| Short-Term Investments | $3.4B |
| Net Receivables | $374M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $329M |
| Goodwill | $2.3B |
| Intangible Assets | $75M |
| Long-Term Investments | $25.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $29.4B |
| TOTAL ASSETS | $33.7B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.9B |
| TOTAL CURRENT LIABILITIES | $27.9B |
| Long-Term Debt | $783M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $349M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $29.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $629M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$88M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $33.7B |
| Total Debt | $4.8B |
| Net Debt | $4.3B |
