| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $302M | $296M | $312M | 2.1% | -3.0% |
| Op. Income | $190M | $164M | $223M | 15.8% | -14.6% |
| Gross Margin | 83.6% | 85.1% | 91.2% | -1.5pp | -7.6pp |
| Net Margin | 50.1% | 44.2% | 56.8% | 5.9pp | -6.7pp |
| EPS (Diluted) | $0.44 | $0.38 | $0.49 | 15.8% | -10.2% |
| Free Cash Flow | $222M | $87M | $150M | 154.3% | 48.4% |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $63M |
| Operating Expenses | $63M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $190M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $17M |
| EBIT | $208M |
| EBITDA | $225M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $63M |
| Operating Expenses | $63M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $190M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $155M |
| D&A | $17M |
| EBIT | $208M |
| EBITDA | $225M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$952.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $223M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$643M |
| Sales/Maturities of Investments | $349M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$294M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$823.0K |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $288M |
| Short-Term Investments | $6.7B |
| Net Receivables | $152M |
| Inventory | $0 |
| Other Current Assets | -$7.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.2B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$393M |
| Accum. Other Comp. Income | $217M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $1.2B |
| Net Debt | $955M |
