| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $154M | $147M | $125M | 4.4% | 23.3% |
| Op. Income | $60M | $54M | $48M | 11.6% | 25.0% |
| Gross Margin | 92.0% | 90.6% | 91.2% | 1.4pp | 0.8pp |
| Net Margin | 32.1% | 30.2% | 29.3% | 2.0pp | 2.8pp |
| EPS (Diluted) | $0.58 | $0.52 | $0.47 | 11.5% | 23.4% |
| Free Cash Flow | $66M | $46M | $39M | 44.0% | 67.0% |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $51M |
| SG&A Expenses | $53M |
| Other Expenses | $28M |
| Operating Expenses | $81M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $60M |
| Interest Income | $123M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $6M |
| EBIT | $60M |
| EBITDA | $66M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $51M |
| SG&A Expenses | $53M |
| Other Expenses | $28M |
| Operating Expenses | $81M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $60M |
| Interest Income | $123M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $6M |
| EBIT | $60M |
| EBITDA | $66M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $655.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $168M |
| Other Investing Activities | -$177M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$240M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $225M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $2.1B |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $239M |
| Goodwill | $290M |
| Intangible Assets | $51M |
| Long-Term Investments | $8.6B |
| Tax Assets | $37M |
| Other Non-Current Assets | $171M |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $4M |
| Short-Term Debt | $409M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.6B |
| TOTAL CURRENT LIABILITIES | $10.0B |
| Long-Term Debt | $299M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $402M |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $845.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $471M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $708M |
| Net Debt | $401M |
