| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $306M | $263M | $251M | 16.3% | 22.2% |
| Op. Income | $166M | $130M | $48M | 28.4% | 248.7% |
| Gross Margin | 87.6% | 77.7% | 60.0% | 9.9pp | 27.6pp |
| Net Margin | 45.3% | 42.6% | 18.4% | 2.7pp | 26.9pp |
| EPS (Diluted) | $0.47 | $0.37 | $0.14 | 26.6% | 235.8% |
| Free Cash Flow | $172M | $395M | $55M | -56.4% | 212.1% |
| Item | Amount |
|---|---|
| REVENUE | $306M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $268M |
| R&D Expenses | $9M |
| Selling & Marketing | $12M |
| General & Administrative | $12M |
| SG&A Expenses | $24M |
| Other Expenses | $69M |
| Operating Expenses | $102M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $166M |
| Interest Income | $307.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $740.2K |
| EBIT | $166M |
| EBITDA | $167M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $306M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $268M |
| R&D Expenses | $9M |
| Selling & Marketing | $12M |
| General & Administrative | $12M |
| SG&A Expenses | $24M |
| Other Expenses | $69M |
| Operating Expenses | $102M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $166M |
| Interest Income | $307.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $740.2K |
| EBIT | $166M |
| EBITDA | $167M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $740.2K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$206M |
| NET CASH FROM INVESTING | -$213M |
| Net Debt Issuance | $77M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $4M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $424M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $4M |
| Tax Assets | $46M |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $226M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $0 |
| Short-Term Debt | $614M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $840M |
| Long-Term Debt | $87M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $945M |
| Common Stock | $30.1K |
| Additional Paid-In Capital | $904M |
| Retained Earnings | $879M |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $707M |
| Net Debt | $425M |
