| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $129M | $118M | 2.4% | 12.4% |
| Op. Income | $43M | $34M | $35M | 27.9% | 24.2% |
| Gross Margin | 85.5% | 85.4% | 85.7% | 0.1pp | -0.3pp |
| Net Margin | 25.3% | 20.4% | 23.6% | 4.8pp | 1.7pp |
| EPS (Diluted) | $0.31 | $0.25 | $0.27 | 24.0% | 14.8% |
| Free Cash Flow | $27M | $48M | $38M | -43.8% | -28.8% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $113M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $43M |
| SG&A Expenses | $45M |
| Other Expenses | $25M |
| Operating Expenses | $70M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $43M |
| Interest Income | $107M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | -$477.0K |
| EBIT | $43M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $113M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $43M |
| SG&A Expenses | $45M |
| Other Expenses | $25M |
| Operating Expenses | $70M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $43M |
| Interest Income | $107M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | -$477.0K |
| EBIT | $43M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | -$477.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$144.0K |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$1.0K |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | -$109M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $84M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $614.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $108M |
| Short-Term Investments | $808M |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $942M |
| PP&E (Net) | $149M |
| Goodwill | $345M |
| Intangible Assets | $22M |
| Long-Term Investments | $8.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $304M |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.7B |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $377M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $546M |
| TOTAL LIABILITIES | $9.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $801M |
| Retained Earnings | $577M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $377M |
| Net Debt | $269M |
