| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $301M | $319M | $213M | -5.8% | 41.2% |
| Op. Income | $140M | $166M | $103M | -15.3% | 35.9% |
| Gross Margin | 87.5% | 87.4% | 84.1% | 0.1pp | 3.3pp |
| Net Margin | 43.5% | 41.0% | 38.6% | 2.6pp | 4.9pp |
| EPS (Diluted) | $1.41 | $1.39 | $1.18 | 1.4% | 19.5% |
| Free Cash Flow | $222M | $204M | $65M | 9.0% | 242.3% |
| Item | Amount |
|---|---|
| REVENUE | $301M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $263M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $44M |
| Operating Expenses | $123M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $140M |
| Interest Income | $287M |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $9M |
| 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 | $140M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $301M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $263M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $44M |
| Operating Expenses | $123M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $140M |
| Interest Income | $287M |
| Interest Expense | $28M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $9M |
| 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 | $140M |
| EBITDA | $148M |
| 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 | $22M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $227M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $570M |
| Other Investing Activities | -$1.9B |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $2.3B |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $222M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $333M |
| Short-Term Investments | $310M |
| Net Receivables | $94M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $737M |
| PP&E (Net) | $325M |
| Goodwill | $3.2B |
| Intangible Assets | $80M |
| Long-Term Investments | $28.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $484M |
| TOTAL NON-CURRENT ASSETS | $32.2B |
| TOTAL ASSETS | $33.0B |
| Account Payables | $8M |
| Short-Term Debt | $465M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.2B |
| TOTAL CURRENT LIABILITIES | $26.6B |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $264M |
| TOTAL NON-CURRENT LIABILITIES | $392M |
| TOTAL LIABILITIES | $27.0B |
| Common Stock | $93M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $33.0B |
| Total Debt | $594M |
| Net Debt | $261M |
