| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $132M | $120M | -0.9% | 9.0% |
| Op. Income | $32M | $43M | $34M | -25.1% | -4.9% |
| Gross Margin | 82.7% | 85.5% | 87.7% | -2.8pp | -5.1pp |
| Net Margin | 19.5% | 25.3% | 22.0% | -5.7pp | -2.5pp |
| EPS (Diluted) | $0.24 | $0.31 | $0.26 | -22.6% | -7.7% |
| Free Cash Flow | $15M | $27M | $31M | -43.8% | -50.7% |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $108M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $46M |
| SG&A Expenses | $47M |
| Other Expenses | $29M |
| Operating Expenses | $76M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $32M |
| Interest Income | $103M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $108M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $46M |
| SG&A Expenses | $47M |
| Other Expenses | $29M |
| Operating Expenses | $76M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $32M |
| Interest Income | $103M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $49M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$66M |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $820M |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $907M |
| PP&E (Net) | $147M |
| Goodwill | $346M |
| Intangible Assets | $23M |
| Long-Term Investments | $8.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $302M |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $10.5B |
| Account Payables | $1M |
| Short-Term Debt | $93M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.6B |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $179M |
| TOTAL NON-CURRENT LIABILITIES | $455M |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $806M |
| Retained Earnings | $583M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $10.5B |
| Total Debt | $368M |
| Net Debt | $307M |
