| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $394M | $392M | $373M | 0.5% | 5.6% |
| Op. Income | $120M | $119M | $123M | 0.8% | -2.4% |
| Gross Margin | 75.6% | 75.0% | 78.8% | 0.6pp | -3.2pp |
| Net Margin | 26.1% | 24.2% | 27.1% | 1.9pp | -0.9pp |
| EPS (Diluted) | $0.31 | $0.29 | $0.30 | 6.9% | 3.3% |
| Free Cash Flow | $214M | -$115M | $159M | 286.1% | 34.6% |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $298M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $79M |
| Operating Expenses | $178M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $120M |
| Interest Income | $314M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $13M |
| EBIT | $120M |
| EBITDA | $133M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $298M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $79M |
| Operating Expenses | $178M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $120M |
| Interest Income | $314M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $13M |
| EBIT | $120M |
| EBITDA | $133M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $224M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$448M |
| Sales/Maturities of Investments | $355M |
| Other Investing Activities | -$271M |
| NET CASH FROM INVESTING | -$374M |
| Net Debt Issuance | -$564M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $863M |
| NET CASH FROM FINANCING | $260M |
| FREE CASH FLOW | $214M |
| Net Change in Cash | $110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $609M |
| Short-Term Investments | $3.3B |
| Net Receivables | $417M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $329M |
| Goodwill | $2.3B |
| Intangible Assets | $71M |
| Long-Term Investments | $25.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $30.0B |
| TOTAL ASSETS | $34.3B |
| Account Payables | $0 |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.6B |
| TOTAL CURRENT LIABILITIES | $27.6B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $431M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $29.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $744M |
| Treasury Stock | -$27M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $34.3B |
| Total Debt | $4.5B |
| Net Debt | $3.9B |
