| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | $318M | $286M | -2.1% | 9.1% |
| Op. Income | $223M | $223M | $195M | -0.2% | 14.4% |
| Gross Margin | 91.2% | 88.3% | 89.1% | 2.9pp | 2.1pp |
| Net Margin | 56.8% | 55.6% | 55.2% | 1.3pp | 1.6pp |
| EPS (Diluted) | $0.49 | $0.49 | $0.43 | 0.0% | 14.0% |
| Free Cash Flow | $150M | $176M | $157M | -14.8% | -4.8% |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $284M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $62M |
| Operating Expenses | $62M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $223M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $13M |
| EBIT | $236M |
| EBITDA | $249M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $284M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $62M |
| Operating Expenses | $62M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $223M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $223M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $13M |
| EBIT | $236M |
| EBITDA | $249M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $177M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$351M |
| Sales/Maturities of Investments | $240M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $5.7B |
| Net Receivables | $79M |
| Inventory | $0 |
| Other Current Assets | -$6.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $833M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$833M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$283M |
| Accum. Other Comp. Income | $73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $833M |
| Net Debt | $671M |
