| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $212M | $212M | 41.2% | 41.3% |
| Op. Income | $109M | $103M | $105M | 6.3% | 4.7% |
| Gross Margin | 85.8% | 84.3% | 85.4% | 1.5pp | 0.4pp |
| Net Margin | 28.8% | 38.6% | 39.3% | -9.8pp | -10.6pp |
| EPS (Diluted) | $1.01 | $1.19 | $1.19 | -15.1% | -15.1% |
| Free Cash Flow | $51M | $138M | $89M | -62.7% | -42.4% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $69M |
| SG&A Expenses | $73M |
| Other Expenses | $75M |
| Operating Expenses | $147M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $109M |
| Interest Income | $273M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $7M |
| EBIT | $109M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $69M |
| SG&A Expenses | $73M |
| Other Expenses | $75M |
| Operating Expenses | $147M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $109M |
| Interest Income | $273M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $7M |
| EBIT | $109M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | $44.0K |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $499M |
| Other Investing Activities | $301M |
| NET CASH FROM INVESTING | $689M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $845M |
| NET CASH FROM FINANCING | -$590M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $574M |
| Short-Term Investments | $288M |
| Net Receivables | $81M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $942M |
| PP&E (Net) | $327M |
| Goodwill | $3.2B |
| Intangible Assets | $86M |
| Long-Term Investments | $27.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $566M |
| TOTAL NON-CURRENT ASSETS | $31.2B |
| TOTAL ASSETS | $32.2B |
| Account Payables | $9M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.2B |
| TOTAL CURRENT LIABILITIES | $25.9B |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $200M |
| TOTAL NON-CURRENT LIABILITIES | $329M |
| TOTAL LIABILITIES | $26.2B |
| Common Stock | $95M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $602.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $32.2B |
| Total Debt | $1.8B |
| Net Debt | $1.2B |
