| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $374M | $373M | $336M | 0.2% | 11.2% |
| Op. Income | $115M | $123M | $112M | -6.2% | 3.1% |
| Gross Margin | 76.4% | 78.8% | 82.8% | -2.5pp | -6.5pp |
| Net Margin | 26.8% | 27.1% | 7.2% | -0.3pp | 19.6pp |
| EPS (Diluted) | $0.30 | $0.30 | $0.07 | 0.0% | 341.2% |
| Free Cash Flow | $78M | $159M | $144M | -50.7% | -45.4% |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $72M |
| Operating Expenses | $170M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $115M |
| Interest Income | $305M |
| Interest Expense | $73M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $27M |
| EBIT | $115M |
| EBITDA | $142M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $72M |
| Operating Expenses | $170M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $115M |
| Interest Income | $305M |
| Interest Expense | $73M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $27M |
| EBIT | $115M |
| EBITDA | $142M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | -$216.0K |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$313M |
| Sales/Maturities of Investments | $265M |
| Other Investing Activities | -$339M |
| NET CASH FROM INVESTING | -$411M |
| Net Debt Issuance | $450M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | -$45M |
| NET CASH FROM FINANCING | $367M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488M |
| Short-Term Investments | $3.3B |
| Net Receivables | $373M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $330M |
| Goodwill | $2.3B |
| Intangible Assets | $79M |
| Long-Term Investments | $24.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $28.9B |
| TOTAL ASSETS | $33.1B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.5B |
| TOTAL CURRENT LIABILITIES | $27.5B |
| Long-Term Debt | $740M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $283M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $28.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $576M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$106M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $33.1B |
| Total Debt | $4.8B |
| Net Debt | $4.3B |
