| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $316M | $306M | 43.8% | 48.3% |
| Op. Income | $127M | $39M | $7M | 229.1% | 1763.4% |
| Gross Margin | 47.6% | 31.2% | 19.7% | 16.4pp | 27.9pp |
| Net Margin | 20.7% | 10.2% | 1.9% | 10.5pp | 18.7pp |
| EPS (Diluted) | $2.24 | $0.77 | $0.14 | 190.9% | 1500.0% |
| Free Cash Flow | -$27M | $125M | $79M | -121.6% | -134.1% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $89M |
| Operating Expenses | $89M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $3M |
| EBIT | $130M |
| EBITDA | $133M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $238M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $89M |
| Operating Expenses | $89M |
| Cost & Expenses | $327M |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $3M |
| EBIT | $130M |
| EBITDA | $133M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$119M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$466M |
| Sales/Maturities of Investments | $651M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | $169M |
| Net Debt Issuance | -$751.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$130M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $335.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $6.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $13M |
| Goodwill | $29M |
| Intangible Assets | $0 |
| Long-Term Investments | $6.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$224M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $298M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $476M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$486M |
| Accum. Other Comp. Income | $191M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $298M |
| Net Debt | $290M |
