| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | $299M | $210M | 6.7% | 52.2% |
| Op. Income | $166M | $109M | $104M | 51.5% | 59.6% |
| Gross Margin | 87.4% | 85.8% | 84.8% | 1.6pp | 2.6pp |
| Net Margin | 41.0% | 28.8% | 39.3% | 12.2pp | 1.7pp |
| EPS (Diluted) | $1.39 | $1.01 | $1.18 | 37.6% | 17.8% |
| Free Cash Flow | $204M | $51M | $130M | 295.5% | 56.7% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $36M |
| Operating Expenses | $113M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $166M |
| Interest Income | $296M |
| Interest Expense | $40M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $8M |
| EBIT | $166M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $36M |
| Operating Expenses | $113M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $166M |
| Interest Income | $296M |
| Interest Expense | $40M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $8M |
| EBIT | $166M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $131M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.2B |
| Sales/Maturities of Investments | $4.5B |
| Other Investing Activities | -$136M |
| NET CASH FROM INVESTING | $120M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$110M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$404M |
| NET CASH FROM FINANCING | -$522M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | -$192M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $381M |
| Short-Term Investments | $315M |
| Net Receivables | $76M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $773M |
| PP&E (Net) | $327M |
| Goodwill | $3.2B |
| Intangible Assets | $83M |
| Long-Term Investments | $26.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $557M |
| TOTAL NON-CURRENT ASSETS | $31.0B |
| TOTAL ASSETS | $31.7B |
| Account Payables | $9M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.8B |
| TOTAL CURRENT LIABILITIES | $25.5B |
| Long-Term Debt | $129M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $244M |
| TOTAL NON-CURRENT LIABILITIES | $373M |
| TOTAL LIABILITIES | $25.9B |
| Common Stock | $93M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $31.7B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
