| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $300M | $276M | 6.2% | 15.3% |
| Op. Income | $154M | $100M | $150M | 54.0% | 2.8% |
| Gross Margin | 77.7% | 67.0% | 84.2% | 10.7pp | -6.5pp |
| Net Margin | 36.2% | 24.8% | 53.0% | 11.4pp | -16.8pp |
| EPS (Diluted) | $0.89 | $0.58 | $1.14 | 53.4% | -21.9% |
| Free Cash Flow | $313M | $113M | $88M | 177.1% | 255.1% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $59M |
| SG&A Expenses | $61M |
| Other Expenses | $33M |
| Operating Expenses | $93M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $154M |
| Interest Income | $292M |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $9M |
| EBIT | $154M |
| EBITDA | $163M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $59M |
| SG&A Expenses | $61M |
| Other Expenses | $33M |
| Operating Expenses | $93M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $154M |
| Interest Income | $292M |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $9M |
| EBIT | $154M |
| EBITDA | $163M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$674.0K |
| Change in Working Capital | $214M |
| OPERATING CASH FLOW | $348M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$303M |
| Sales/Maturities of Investments | $149M |
| Other Investing Activities | -$408M |
| NET CASH FROM INVESTING | -$597M |
| Net Debt Issuance | $95M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $84M |
| NET CASH FROM FINANCING | $152M |
| FREE CASH FLOW | $313M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $2.9B |
| Net Receivables | $82M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $567M |
| Goodwill | $661M |
| Intangible Assets | $36M |
| Long-Term Investments | $17.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $874M |
| TOTAL NON-CURRENT ASSETS | $19.2B |
| TOTAL ASSETS | $22.4B |
| Account Payables | $216M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.9B |
| TOTAL CURRENT LIABILITIES | $18.2B |
| Long-Term Debt | $439M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $439M |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $3M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $22.4B |
| Total Debt | $460M |
| Net Debt | $169M |
