| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $122M | $65M | 13.6% | 114.7% |
| Op. Income | $140M | $119M | $35M | 18.0% | 298.9% |
| Gross Margin | 77.3% | 78.0% | 61.9% | -0.7pp | 15.4pp |
| Net Margin | 100.8% | 96.9% | 53.9% | 3.9pp | 46.9pp |
| EPS (Diluted) | $0.36 | $0.31 | $0.19 | 16.1% | 89.5% |
| Free Cash Flow | -$376M | -$1.0B | -$1.1B | 63.8% | 65.2% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $108M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$38M |
| Operating Expenses | -$33M |
| Cost & Expenses | -$1M |
| OPERATING INCOME | $140M |
| Interest Income | $193M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $230.0K |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $140M |
| D&A | $0 |
| EBIT | $140M |
| EBITDA | $140M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $108M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$38M |
| Operating Expenses | -$33M |
| Cost & Expenses | -$1M |
| OPERATING INCOME | $140M |
| Interest Income | $193M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $230.0K |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $140M |
| D&A | $0 |
| EBIT | $140M |
| EBITDA | $140M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $140M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$520M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$376M |
| 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 | $586M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$76M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $496M |
| FREE CASH FLOW | -$376M |
| Net Change in Cash | $120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310M |
| Short-Term Investments | $0 |
| Net Receivables | $69M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $90M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $137M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $3.0B |
| Net Debt | $2.7B |
