| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $120M | $111M | 1.2% | 9.8% |
| Op. Income | $32M | $34M | $32M | -6.6% | -0.5% |
| Gross Margin | 84.6% | 87.7% | 89.2% | -3.2pp | -4.6pp |
| Net Margin | 20.6% | 22.0% | 22.5% | -1.4pp | -2.0pp |
| EPS (Diluted) | $0.24 | $0.26 | $0.24 | -7.7% | 0.0% |
| Free Cash Flow | $26M | $31M | $33M | -13.8% | -19.3% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $44M |
| Other Expenses | $27M |
| Operating Expenses | $71M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $32M |
| Interest Income | $100M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $1M |
| EBIT | $32M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $42M |
| SG&A Expenses | $44M |
| Other Expenses | $27M |
| Operating Expenses | $71M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $32M |
| Interest Income | $100M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $1M |
| EBIT | $32M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$26M |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | -$107M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$120M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $225M |
| NET CASH FROM FINANCING | $86M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $843M |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $964M |
| PP&E (Net) | $150M |
| Goodwill | $345M |
| Intangible Assets | $26M |
| Long-Term Investments | $8.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $277M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.6B |
| TOTAL CURRENT LIABILITIES | $8.6B |
| Long-Term Debt | $236M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $151M |
| TOTAL NON-CURRENT LIABILITIES | $387M |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $795M |
| Retained Earnings | $555M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $236M |
| Net Debt | $143M |
