| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222M | $240M | $218M | -7.3% | 2.2% |
| Op. Income | $61M | $83M | $51M | -27.0% | 19.5% |
| Gross Margin | 87.0% | 85.7% | 85.1% | 1.3pp | 1.9pp |
| Net Margin | 22.1% | 29.1% | 21.8% | -7.0pp | 0.3pp |
| EPS (Diluted) | $0.29 | $0.41 | $0.28 | -29.3% | 3.6% |
| Free Cash Flow | $91M | $56M | $45M | 61.3% | 100.7% |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $193M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $88M |
| SG&A Expenses | $92M |
| Other Expenses | $41M |
| Operating Expenses | $133M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $61M |
| Interest Income | $177M |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $11M |
| EBIT | $61M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $193M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $88M |
| SG&A Expenses | $92M |
| Other Expenses | $41M |
| Operating Expenses | $133M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $61M |
| Interest Income | $177M |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $11M |
| EBIT | $61M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $710.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$652M |
| Sales/Maturities of Investments | $519M |
| Other Investing Activities | -$92M |
| NET CASH FROM INVESTING | -$232M |
| Net Debt Issuance | -$185M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $205M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | -$144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $276M |
| Short-Term Investments | $5.4B |
| Net Receivables | $85M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $586M |
| Goodwill | $1.0B |
| Intangible Assets | $60M |
| Long-Term Investments | $12.1B |
| Tax Assets | $30M |
| Other Non-Current Assets | $842M |
| TOTAL NON-CURRENT ASSETS | $14.7B |
| TOTAL ASSETS | $20.4B |
| Account Payables | $0 |
| Short-Term Debt | $678M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.6B |
| TOTAL CURRENT LIABILITIES | $15.4B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $17.6B |
| Common Stock | $170M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $682M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $20.4B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
