| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $111M | $110M | -2.7% | -1.3% |
| Op. Income | $34M | $41M | $42M | -17.8% | -18.7% |
| Gross Margin | 81.1% | 82.0% | 83.2% | -0.9pp | -2.1pp |
| Net Margin | 24.0% | 28.3% | 32.6% | -4.3pp | -8.6pp |
| EPS (Diluted) | $0.40 | $0.49 | $0.55 | -18.4% | -27.3% |
| Free Cash Flow | $26M | $35M | $22M | -25.8% | 20.4% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $22M |
| Operating Expenses | $54M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $34M |
| Interest Income | $90M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $5M |
| EBIT | $34M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $30M |
| SG&A Expenses | $31M |
| Other Expenses | $22M |
| Operating Expenses | $54M |
| Cost & Expenses | $74M |
| OPERATING INCOME | $34M |
| Interest Income | $90M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $5M |
| EBIT | $34M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | -$54M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | -$255M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $142M |
| NET CASH FROM FINANCING | -$126M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $977M |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $55M |
| Goodwill | $421M |
| Intangible Assets | $16M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $392M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $0 |
| Short-Term Debt | $61M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.1B |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $832.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $695M |
| Treasury Stock | -$269M |
| Accum. Other Comp. Income | $4M |
| Other Equity | -$25M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $1.1B |
| Net Debt | $938M |
