| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | $107M | $97M | 2.2% | 13.0% |
| Op. Income | $42M | $44M | $35M | -5.1% | 18.6% |
| Gross Margin | 83.2% | 84.6% | 86.0% | -1.4pp | -2.8pp |
| Net Margin | 32.6% | 33.1% | 20.1% | -0.4pp | 12.5pp |
| EPS (Diluted) | $0.55 | $0.54 | $0.30 | 1.9% | 83.3% |
| Free Cash Flow | $22M | $59M | $25M | -62.9% | -13.5% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $20M |
| Operating Expenses | $49M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $42M |
| Interest Income | $94M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $42M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $20M |
| Operating Expenses | $49M |
| Cost & Expenses | $68M |
| OPERATING INCOME | $42M |
| Interest Income | $94M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $42M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$88M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $110M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $1.1B |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $58M |
| Goodwill | $412M |
| Intangible Assets | $7M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $337M |
| TOTAL NON-CURRENT ASSETS | $8.5B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $0 |
| Short-Term Debt | $121M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.9B |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $832.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $651M |
| Treasury Stock | -$272M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | -$30M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
