| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $201M | $168M | -0.7% | 18.7% |
| Op. Income | $57M | $48M | $51M | 17.2% | 11.5% |
| Gross Margin | 87.3% | 88.0% | 90.9% | -0.6pp | -3.5pp |
| Net Margin | 25.7% | 21.9% | 23.4% | 3.8pp | 2.3pp |
| EPS (Diluted) | $0.34 | $0.29 | $0.29 | 17.2% | 17.2% |
| Free Cash Flow | $66M | $46M | $54M | 42.9% | 20.8% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $77M |
| SG&A Expenses | $80M |
| Other Expenses | $37M |
| Operating Expenses | $118M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $57M |
| Interest Income | $155M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $9M |
| EBIT | $57M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $77M |
| SG&A Expenses | $80M |
| Other Expenses | $37M |
| Operating Expenses | $118M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $57M |
| Interest Income | $155M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $9M |
| EBIT | $57M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$831.0K |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | -$199M |
| Common Stock Repurchased | -$27.0K |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $249M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $3.3B |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $450M |
| Goodwill | $829M |
| Intangible Assets | $66M |
| Long-Term Investments | $11.8B |
| Tax Assets | $95M |
| Other Non-Current Assets | $707M |
| TOTAL NON-CURRENT ASSETS | $13.9B |
| TOTAL ASSETS | $17.6B |
| Account Payables | $0 |
| Short-Term Debt | $770M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.6B |
| TOTAL CURRENT LIABILITIES | $13.5B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $15.3B |
| Common Stock | $152M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $503M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$80M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $17.6B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
