| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $212M | $211M | $197M | 0.5% | 7.7% |
| Op. Income | $105M | $104M | $102M | 0.7% | 2.3% |
| Gross Margin | 85.4% | 85.9% | 91.0% | -0.5pp | -5.6pp |
| Net Margin | 39.3% | 39.1% | 34.1% | 0.2pp | 5.2pp |
| EPS (Diluted) | $1.19 | $1.18 | $0.97 | 0.8% | 22.7% |
| Free Cash Flow | $89M | $64M | $40M | 39.3% | 124.7% |
| Item | Amount |
|---|---|
| REVENUE | $212M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $52M |
| SG&A Expenses | $55M |
| Other Expenses | $22M |
| Operating Expenses | $76M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $105M |
| Interest Income | $187M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $105M |
| 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 | $105M |
| EBITDA | $109M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $212M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $52M |
| SG&A Expenses | $55M |
| Other Expenses | $22M |
| Operating Expenses | $76M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $105M |
| Interest Income | $187M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $105M |
| 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 | $105M |
| EBITDA | $109M |
| 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 | $10M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$307M |
| Sales/Maturities of Investments | $395M |
| Other Investing Activities | -$73M |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$470M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $510M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $411M |
| Short-Term Investments | $84M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $551M |
| PP&E (Net) | $257M |
| Goodwill | $1.9B |
| Intangible Assets | $33M |
| Long-Term Investments | $19.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $343M |
| TOTAL NON-CURRENT ASSETS | $22.1B |
| TOTAL ASSETS | $22.7B |
| Account Payables | $4M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.3B |
| TOTAL CURRENT LIABILITIES | $18.6B |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $70M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $310.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $22.7B |
| Total Debt | $1.3B |
| Net Debt | $905M |
