| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $280M | $248M | $107M | 13.0% | 162.6% |
| Op. Income | $221M | $194M | $69M | 13.8% | 219.6% |
| Gross Margin | 83.4% | 82.7% | 74.2% | 0.6pp | 9.2pp |
| Net Margin | 15.8% | 21.6% | 34.2% | -5.8pp | -18.4pp |
| EPS (Diluted) | $0.50 | $0.68 | $0.47 | -26.5% | 6.4% |
| Free Cash Flow | -$1.1B | $145M | -$714M | -831.5% | -48.5% |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $233M |
| R&D Expenses | $352.0K |
| Selling & Marketing | $2M |
| General & Administrative | $11M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $221M |
| Interest Income | $72M |
| Interest Expense | $66M |
| Other Income/Expenses | -$187M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $0 |
| EBIT | $33M |
| EBITDA | $33M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $233M |
| R&D Expenses | $352.0K |
| Selling & Marketing | $2M |
| General & Administrative | $11M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $221M |
| Interest Income | $72M |
| Interest Expense | $66M |
| Other Income/Expenses | -$187M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $0 |
| EBIT | $33M |
| EBITDA | $33M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.2B |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | -$1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | -$819M |
| NET CASH FROM INVESTING | -$831M |
| Net Debt Issuance | $549M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | -$1.1B |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $77M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | -$1M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $36M |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4.1B |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $786.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $7.4B |
| Net Debt | $7.3B |
