| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $65M | $59M | 138.8% | 162.3% |
| Op. Income | $116M | $35M | $44M | 229.9% | 162.0% |
| Gross Margin | 78.8% | 61.9% | 81.4% | 16.9pp | -2.6pp |
| Net Margin | 74.0% | 53.9% | 75.0% | 20.1pp | -1.1pp |
| EPS (Diluted) | $0.49 | $0.19 | $0.16 | 157.9% | 206.2% |
| Free Cash Flow | -$939M | -$1.1B | -$572M | 13.1% | -64.2% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $2M |
| Operating Expenses | $6M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $116M |
| Interest Income | $146M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $0 |
| EBIT | $116M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $2M |
| Operating Expenses | $6M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $116M |
| Interest Income | $146M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $0 |
| EBIT | $116M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | -$5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.0B |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$939M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $199M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$39M |
| Other Financing Activities | -$352.0K |
| NET CASH FROM FINANCING | $910M |
| FREE CASH FLOW | -$939M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $148M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $88M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $725M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $2.8B |
| Net Debt | $2.7B |
