| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $286M | $266M | 2.1% | 9.7% |
| Op. Income | $191M | $195M | $180M | -1.9% | 6.1% |
| Gross Margin | 85.8% | 89.1% | 90.1% | -3.4pp | -4.3pp |
| Net Margin | 52.1% | 55.2% | 54.0% | -3.1pp | -1.9pp |
| EPS (Diluted) | $0.42 | $0.43 | $0.38 | -2.3% | 10.5% |
| Free Cash Flow | $165M | $157M | $129M | 4.6% | 27.8% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $250M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $191M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $12M |
| EBIT | $204M |
| EBITDA | $216M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $250M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $191M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $12M |
| EBIT | $204M |
| EBITDA | $216M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | -$6M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$308.0K |
| Acquisitions (Net) | -$203M |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $309M |
| Other Investing Activities | $203M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $165M |
| Net Change in Cash | $107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $259M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $5.3B |
| Other Current Assets | $736M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $50M |
| Goodwill | -$57M |
| Intangible Assets | $18M |
| Long-Term Investments | $5.3B |
| Tax Assets | $39M |
| Other Non-Current Assets | -$5.1B |
| TOTAL NON-CURRENT ASSETS | $265M |
| TOTAL ASSETS | $5.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $832M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $832M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$169M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $832M |
| Net Debt | $573M |
