| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $298M | $245M | -2.2% | 19.0% |
| Op. Income | $61M | $62M | $60M | -2.1% | 2.0% |
| Gross Margin | 34.7% | 37.2% | 36.5% | -2.5pp | -1.8pp |
| Net Margin | 15.6% | 14.8% | 15.6% | 0.8pp | -0.0pp |
| EPS (Diluted) | $0.69 | $0.67 | $0.58 | 3.0% | 19.0% |
| Free Cash Flow | $130M | $75M | $108M | 73.7% | 20.0% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $20M |
| Operating Expenses | $40M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $4M |
| EBIT | $61M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $20M |
| Operating Expenses | $40M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $4M |
| EBIT | $61M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $310.0K |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | -$235.0K |
| Common Stock Repurchased | -$367.0K |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $151M |
| Inventory | $0 |
| Other Current Assets | $369.0K |
| TOTAL CURRENT ASSETS | $437M |
| PP&E (Net) | $31M |
| Goodwill | $595M |
| Intangible Assets | $200M |
| Long-Term Investments | $125M |
| Tax Assets | $5M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $988M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $55M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $495M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$5M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $535M |
| Common Stock | $65.0K |
| Additional Paid-In Capital | $645M |
| Retained Earnings | $276M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $891M |
| Minority Interest | $0 |
| TOTAL EQUITY | $891M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $9M |
| Net Debt | -$277M |
