| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $111M | $107M | -0.4% | 3.6% |
| Op. Income | $41M | $33M | $44M | 24.5% | -6.1% |
| Gross Margin | 82.0% | 74.4% | 84.6% | 7.6pp | -2.6pp |
| Net Margin | 28.3% | 21.9% | 33.1% | 6.4pp | -4.8pp |
| EPS (Diluted) | $0.49 | $0.38 | $0.54 | 28.9% | -9.3% |
| Free Cash Flow | $35M | $40M | $59M | -11.2% | -39.8% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $19M |
| Operating Expenses | $50M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $41M |
| Interest Income | $93M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $5M |
| EBIT | $41M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $19M |
| Operating Expenses | $50M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $41M |
| Interest Income | $93M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $5M |
| EBIT | $41M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $280.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | $97M |
| Net Debt Issuance | -$132M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $83M |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $261M |
| Short-Term Investments | $1.1B |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $438M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $411M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $153M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $832.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $683M |
| Treasury Stock | -$293M |
| Accum. Other Comp. Income | $7M |
| Other Equity | -$28M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $9.9B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
