| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $286M | $290M | $272M | -1.7% | 5.2% |
| Op. Income | $195M | $232M | $245M | -16.0% | -20.7% |
| Gross Margin | 89.1% | 99.4% | 110.2% | -10.3pp | -21.1pp |
| Net Margin | 55.2% | 62.6% | 10.1% | -7.4pp | 45.2pp |
| EPS (Diluted) | $0.43 | $0.49 | $0.07 | -12.2% | 514.3% |
| Free Cash Flow | $157M | $119M | $146M | 32.8% | 7.5% |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $60M |
| Operating Expenses | $60M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $195M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $162M |
| D&A | $13M |
| EBIT | $208M |
| EBITDA | $221M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $60M |
| Operating Expenses | $60M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $195M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $195M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $158M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $162M |
| D&A | $13M |
| EBIT | $208M |
| EBITDA | $221M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $158M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$771M |
| Purchases of Investments | -$384M |
| Sales/Maturities of Investments | $178M |
| Other Investing Activities | $771M |
| NET CASH FROM INVESTING | -$210M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | -$112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $0 |
| Net Receivables | $91M |
| Inventory | $5.2B |
| Other Current Assets | $741M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $5.2B |
| Tax Assets | -$18M |
| Other Non-Current Assets | -$4.9B |
| TOTAL NON-CURRENT ASSETS | $312M |
| TOTAL ASSETS | $5.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $187M |
| Other Current Liabilities | -$187M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $832M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $832M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$175M |
| Accum. Other Comp. Income | -$124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $832M |
| Net Debt | $680M |
