| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $154M | $81M | 60.5% | 205.4% |
| Op. Income | $194M | $100M | $47M | 94.4% | 313.3% |
| Gross Margin | 82.7% | 70.5% | 68.6% | 12.2pp | 14.2pp |
| Net Margin | 21.6% | 27.0% | 34.8% | -5.4pp | -13.2pp |
| EPS (Diluted) | $0.68 | $0.55 | $0.35 | 23.6% | 94.3% |
| Free Cash Flow | $145M | $228M | $122M | -36.4% | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $205M |
| R&D Expenses | $373.0K |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $194M |
| Interest Income | $55M |
| Interest Expense | $55M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $0 |
| EBIT | $50M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $205M |
| R&D Expenses | $373.0K |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $194M |
| Interest Income | $55M |
| Interest Expense | $55M |
| Other Income/Expenses | -$144M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $0 |
| EBIT | $50M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$112M |
| Other Non-Cash Items | $163M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $109M |
| Other Investing Activities | $71M |
| NET CASH FROM INVESTING | $175M |
| Net Debt Issuance | -$421M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $147M |
| NET CASH FROM FINANCING | -$312M |
| FREE CASH FLOW | $145M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $30M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | -$3M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $73M |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $684.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$5M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $5.7B |
| Net Debt | $5.6B |
