| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $177M | $184M | $183M | -4.0% | -3.3% |
| Op. Income | $55M | $57M | $61M | -3.7% | -9.0% |
| Gross Margin | 69.9% | 68.4% | 71.1% | 1.5pp | -1.2pp |
| Net Margin | 24.3% | 23.1% | 24.3% | 1.2pp | 0.0pp |
| EPS (Diluted) | $0.34 | $0.34 | $0.35 | 0.0% | -2.9% |
| Free Cash Flow | $34M | $57M | $38M | -41.5% | -12.2% |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $43M |
| SG&A Expenses | $45M |
| Other Expenses | $23M |
| Operating Expenses | $69M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $55M |
| Interest Income | $166M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $0 |
| EBIT | $55M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $43M |
| SG&A Expenses | $45M |
| Other Expenses | $23M |
| Operating Expenses | $69M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $55M |
| Interest Income | $166M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $0 |
| EBIT | $55M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $97M |
| Other Investing Activities | -$184M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $293M |
| NET CASH FROM FINANCING | $262M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $149M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $728M |
| Short-Term Investments | $1.7B |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $111M |
| Goodwill | $464M |
| Intangible Assets | $12M |
| Long-Term Investments | $12.4B |
| Tax Assets | $32M |
| Other Non-Current Assets | $207M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $15.7B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.5B |
| TOTAL CURRENT LIABILITIES | $12.6B |
| Long-Term Debt | $927M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $82M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $762M |
| Treasury Stock | -$164M |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $15.7B |
| Total Debt | $988M |
| Net Debt | $260M |
