| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $33M | -$108M | 38.4% | 142.3% |
| Op. Income | $43M | $24M | -$125M | 78.4% | 134.5% |
| Gross Margin | 79.6% | 74.9% | 111.8% | 4.7pp | -32.2pp |
| Net Margin | 72.9% | 73.4% | 116.2% | -0.5pp | -43.2pp |
| EPS (Diluted) | $0.71 | $0.52 | $-2.67 | 36.5% | 126.6% |
| Free Cash Flow | -$60M | $34M | $165M | -273.1% | -136.0% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $292.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $43M |
| Interest Income | $36M |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $622.0K |
| 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 | $0 |
| EBIT | $34M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $292.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $43M |
| Interest Income | $36M |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $622.0K |
| 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 | $0 |
| EBIT | $34M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$123M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $304M |
| Other Investing Activities | $756M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | -$172.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $162.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $637M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $690M |
| TOTAL LIABILITIES | $693M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$636M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $858M |
| Minority Interest | $0 |
| TOTAL EQUITY | $858M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $637M |
| Net Debt | $624M |
