| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $46M | $20M | -25.2% | 73.2% |
| Op. Income | $28M | $18M | $23M | 56.2% | 23.4% |
| Gross Margin | 100.0% | 86.9% | 100.0% | 13.1pp | 0.0pp |
| Net Margin | 53.6% | 72.2% | 71.4% | -18.6pp | -17.8pp |
| EPS (Diluted) | $0.22 | $0.40 | $0.17 | -45.0% | 29.4% |
| Free Cash Flow | -$95M | $9M | -$80M | -1159.5% | -19.1% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $12M |
| Operating Expenses | $16M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $28M |
| Interest Income | $46M |
| Interest Expense | $10M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $94.0K |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $48.0K |
| EBIT | $18M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $12M |
| Operating Expenses | $16M |
| Cost & Expenses | $16M |
| OPERATING INCOME | $28M |
| Interest Income | $46M |
| Interest Expense | $10M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $94.0K |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $48.0K |
| EBIT | $18M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $48.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$117M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$147.0K |
| Acquisitions (Net) | $741M |
| Purchases of Investments | -$765M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $57M |
| Common Stock Repurchased | -$243.0K |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | -$17M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $197M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $787M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$197M |
| TOTAL NON-CURRENT LIABILITIES | $590M |
| TOTAL LIABILITIES | $814M |
| Common Stock | $85.0K |
| Additional Paid-In Capital | $909M |
| Retained Earnings | $33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $841M |
| Minority Interest | $0 |
| TOTAL EQUITY | $841M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $787M |
| Net Debt | $696M |
