| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $212M | $195M | -1.0% | 7.8% |
| Op. Income | $104M | $105M | $92M | -0.7% | 12.7% |
| Gross Margin | 84.8% | 85.4% | 86.2% | -0.6pp | -1.4pp |
| Net Margin | 39.3% | 39.3% | 38.2% | -0.0pp | 1.1pp |
| EPS (Diluted) | $1.18 | $1.19 | $1.07 | -0.8% | 10.3% |
| Free Cash Flow | $130M | $89M | $74M | 45.5% | 74.5% |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $51M |
| SG&A Expenses | $51M |
| Other Expenses | $23M |
| Operating Expenses | $74M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $104M |
| Interest Income | $186M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $4M |
| EBIT | $104M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $51M |
| SG&A Expenses | $51M |
| Other Expenses | $23M |
| Operating Expenses | $74M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $104M |
| Interest Income | $186M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $4M |
| EBIT | $104M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.1B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$46M |
| NET CASH FROM INVESTING | $215M |
| Net Debt Issuance | -$350M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$89M |
| NET CASH FROM FINANCING | -$468M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $80M |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $427M |
| PP&E (Net) | $258M |
| Goodwill | $1.9B |
| Intangible Assets | $32M |
| Long-Term Investments | $19.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $351M |
| TOTAL NON-CURRENT ASSETS | $21.9B |
| TOTAL ASSETS | $22.4B |
| Account Payables | $4M |
| Short-Term Debt | $935M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.2B |
| TOTAL CURRENT LIABILITIES | $18.1B |
| Long-Term Debt | $952.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $18.2B |
| Common Stock | $70M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $707.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $22.4B |
| Total Debt | $936M |
| Net Debt | $644M |
