| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $127M | $120M | 3.6% | 9.0% |
| Op. Income | $42M | $39M | $38M | 5.9% | 8.6% |
| Gross Margin | 84.3% | 82.7% | 86.1% | 1.5pp | -1.9pp |
| Net Margin | 24.7% | 24.2% | 24.8% | 0.5pp | -0.1pp |
| EPS (Diluted) | $0.73 | $0.69 | $0.68 | 5.8% | 7.4% |
| Free Cash Flow | $41M | $22M | $40M | 85.5% | 0.8% |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $677.0K |
| General & Administrative | $45M |
| SG&A Expenses | $46M |
| Other Expenses | $23M |
| Operating Expenses | $69M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $42M |
| Interest Income | $92M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $5M |
| EBIT | $42M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $677.0K |
| General & Administrative | $45M |
| SG&A Expenses | $46M |
| Other Expenses | $23M |
| Operating Expenses | $69M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $42M |
| Interest Income | $92M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $5M |
| EBIT | $42M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $456.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$323.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $171M |
| Other Investing Activities | -$47M |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | -$166M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $149M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $932M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $76M |
| Goodwill | $275M |
| Intangible Assets | $13M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $427M |
| TOTAL NON-CURRENT ASSETS | $8.5B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $0 |
| Short-Term Debt | $443M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.7B |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $185M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $191M |
| TOTAL NON-CURRENT LIABILITIES | $376M |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $497.0K |
| Additional Paid-In Capital | $576M |
| Retained Earnings | $679M |
| Treasury Stock | -$134M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $629M |
| Net Debt | $355M |
