| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $59M | $51M | 5.0% | 19.5% |
| Op. Income | $27M | $25M | $23M | 6.3% | 14.7% |
| Gross Margin | 76.5% | 76.8% | 79.3% | -0.3pp | -2.8pp |
| Net Margin | 34.8% | 35.2% | 22.6% | -0.4pp | 12.2pp |
| EPS (Diluted) | $0.83 | $0.80 | $0.45 | 3.7% | 84.4% |
| Free Cash Flow | $27M | $28M | $23M | -1.8% | 20.6% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $6M |
| Operating Expenses | $20M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $27M |
| Interest Income | $54M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $2M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $6M |
| Operating Expenses | $20M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $27M |
| Interest Income | $54M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $2M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$71M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $68M |
| Common Stock Repurchased | -$45.0K |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $586M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $818M |
| PP&E (Net) | $58M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $3.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $126M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $10M |
| Short-Term Debt | $246M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.0B |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $201M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$147M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $112M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $419M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $522M |
| Minority Interest | $89.0K |
| TOTAL EQUITY | $522M |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $446M |
| Net Debt | $230M |
