| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $208M | $197M | 1.2% | 7.2% |
| Op. Income | $104M | $103M | $101M | 1.2% | 3.3% |
| Gross Margin | 85.9% | 87.3% | 88.2% | -1.4pp | -2.3pp |
| Net Margin | 39.1% | 39.2% | 34.5% | -0.0pp | 4.6pp |
| EPS (Diluted) | $1.18 | $1.17 | $0.98 | 0.9% | 20.4% |
| Free Cash Flow | $64M | $77M | $135M | -16.9% | -52.6% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $25M |
| Operating Expenses | $77M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $104M |
| Interest Income | $185M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $5M |
| EBIT | $104M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $25M |
| Operating Expenses | $77M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $104M |
| Interest Income | $185M |
| Interest Expense | $27M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $5M |
| EBIT | $104M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$381M |
| Sales/Maturities of Investments | $489M |
| Other Investing Activities | -$134M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $246M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$241M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $94M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $444M |
| PP&E (Net) | $256M |
| Goodwill | $1.9B |
| Intangible Assets | $34M |
| Long-Term Investments | $19.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $22.2B |
| TOTAL ASSETS | $22.6B |
| Account Payables | $4M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.7B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $70M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $463.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $22.6B |
| Total Debt | $1.8B |
| Net Debt | $1.5B |
