| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $330M | $454M | $311M | -27.4% | 5.9% |
| Op. Income | $31M | $127M | $17M | -76.0% | 79.0% |
| Gross Margin | 29.0% | 47.6% | 22.9% | -18.6pp | 6.1pp |
| Net Margin | 7.7% | 20.7% | 4.0% | -12.9pp | 3.7pp |
| EPS (Diluted) | $0.60 | $2.24 | $0.30 | -73.2% | 100.0% |
| Free Cash Flow | $109M | -$27M | $66M | 505.7% | 65.3% |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $65M |
| Operating Expenses | $65M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $5M |
| EBIT | $35M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $65M |
| Operating Expenses | $65M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $5M |
| EBIT | $35M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$403M |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $456M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$194.0K |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $6.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $18M |
| Goodwill | $49M |
| Intangible Assets | $181M |
| Long-Term Investments | $355M |
| Tax Assets | -$85M |
| Other Non-Current Assets | $11.7B |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $0 |
| Short-Term Debt | $135M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $298M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.5B |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $10.8B |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $479M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$486M |
| Accum. Other Comp. Income | $254M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $433M |
| Net Debt | $394M |
