| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $310M | $314M | $318M | -1.5% | -2.7% |
| Op. Income | $136M | $136M | $154M | -0.3% | -11.5% |
| Gross Margin | 77.1% | 75.0% | 77.7% | 2.1pp | -0.6pp |
| Net Margin | 32.6% | 33.0% | 36.2% | -0.5pp | -3.6pp |
| EPS (Diluted) | $0.78 | $0.81 | $0.89 | -3.7% | -12.4% |
| Free Cash Flow | $72M | $97M | $313M | -25.7% | -76.9% |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $56M |
| SG&A Expenses | $58M |
| Other Expenses | $45M |
| Operating Expenses | $103M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $136M |
| Interest Income | $281M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $11M |
| EBIT | $136M |
| EBITDA | $147M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $56M |
| SG&A Expenses | $58M |
| Other Expenses | $45M |
| Operating Expenses | $103M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $136M |
| Interest Income | $281M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $11M |
| EBIT | $136M |
| EBITDA | $147M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$785.0K |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $152M |
| Other Investing Activities | $218M |
| NET CASH FROM INVESTING | $322M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | $51M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $466M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $2.3B |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $712M |
| Goodwill | $661M |
| Intangible Assets | $24M |
| Long-Term Investments | $17.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $888M |
| TOTAL NON-CURRENT ASSETS | $19.7B |
| TOTAL ASSETS | $23.6B |
| Account Payables | $222M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.5B |
| TOTAL CURRENT LIABILITIES | $18.7B |
| Long-Term Debt | $695M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $695M |
| TOTAL LIABILITIES | $19.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $3M |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $23.6B |
| Total Debt | $706M |
| Net Debt | -$790M |
