| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $181M | $174M | $166M | 3.7% | 8.6% |
| Op. Income | $62M | $64M | $72M | -3.6% | -14.4% |
| Gross Margin | 71.2% | 77.4% | 82.1% | -6.2pp | -10.9pp |
| Net Margin | 25.7% | 27.3% | 26.8% | -1.6pp | -1.1pp |
| EPS (Diluted) | $0.36 | $0.36 | $0.33 | 0.0% | 9.1% |
| Free Cash Flow | $74M | $51M | $39M | 43.7% | 90.0% |
| Item | Amount |
|---|---|
| REVENUE | $181M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $44M |
| Other Expenses | $23M |
| Operating Expenses | $67M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $62M |
| Interest Income | $168M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $62M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $181M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $44M |
| Other Expenses | $23M |
| Operating Expenses | $67M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $62M |
| Interest Income | $168M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $62M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $455.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$103M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | -$249M |
| NET CASH FROM INVESTING | -$290M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $311M |
| NET CASH FROM FINANCING | $272M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $603M |
| Short-Term Investments | $1.9B |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $55M |
| Goodwill | $464M |
| Intangible Assets | $15M |
| Long-Term Investments | $11.9B |
| Tax Assets | $58M |
| Other Non-Current Assets | $200M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.0B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $636M |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $1.1B |
| Net Debt | $529M |
