| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $69M | $53M | 23.3% | 60.0% |
| Op. Income | $39M | $27M | $21M | 47.6% | 87.0% |
| Gross Margin | 67.0% | 59.2% | 67.7% | 7.9pp | -0.7pp |
| Net Margin | 35.2% | 29.2% | 28.9% | 6.0pp | 6.3pp |
| EPS (Diluted) | $0.61 | $0.40 | $0.34 | 52.5% | 79.4% |
| Free Cash Flow | $406M | -$684M | $90M | 159.4% | 353.8% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $18M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $39M |
| Interest Income | $64M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $416.0K |
| EBIT | $39M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $18M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $39M |
| Interest Income | $64M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $416.0K |
| EBIT | $39M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $416.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $404M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $408M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $283M |
| Other Investing Activities | -$274M |
| NET CASH FROM INVESTING | -$259M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $406M |
| Net Change in Cash | $142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $507M |
| Short-Term Investments | $290M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $815M |
| PP&E (Net) | $29M |
| Goodwill | $16M |
| Intangible Assets | $78M |
| Long-Term Investments | $5.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $327M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $0 |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $175M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $234M |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $136M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $458.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $654M |
| Minority Interest | $0 |
| TOTAL EQUITY | $654M |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $181M |
| Net Debt | -$325M |
