| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $292M | $282M | 0.2% | 3.7% |
| Op. Income | $211M | $191M | $238M | 10.6% | -11.1% |
| Gross Margin | 91.6% | 85.8% | 103.8% | 5.8pp | -12.2pp |
| Net Margin | 57.4% | 52.1% | 66.2% | 5.3pp | -8.9pp |
| EPS (Diluted) | $0.46 | $0.42 | $0.49 | 9.5% | -6.1% |
| Free Cash Flow | $114M | $165M | $126M | -30.9% | -9.4% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $268M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $211M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $12M |
| EBIT | $225M |
| EBITDA | $236M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $268M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $211M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $168M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $12M |
| EBIT | $225M |
| EBITDA | $236M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $168M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$712.0K |
| Other Non-Cash Items | -$307.0K |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$329M |
| Sales/Maturities of Investments | $202M |
| Other Investing Activities | -$126M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $219M |
| Short-Term Investments | $0 |
| Net Receivables | $93M |
| Inventory | $5.6B |
| Other Current Assets | $698M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $52M |
| Goodwill | -$39M |
| Intangible Assets | $18M |
| Long-Term Investments | $5.5B |
| Tax Assets | $21M |
| Other Non-Current Assets | -$5.3B |
| TOTAL NON-CURRENT ASSETS | $267M |
| TOTAL ASSETS | $6.1B |
| 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 | $2.0B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$194M |
| Accum. Other Comp. Income | $31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $832M |
| Net Debt | $613M |
