| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $347M | $280M | $121M | 24.0% | 186.8% |
| Op. Income | $268M | $221M | $68M | 21.4% | 291.1% |
| Gross Margin | 81.1% | 83.4% | 65.9% | -2.3pp | 15.2pp |
| Net Margin | 20.2% | 15.8% | 38.5% | 4.4pp | -18.3pp |
| EPS (Diluted) | $0.71 | $0.50 | $0.62 | 42.0% | 14.5% |
| Free Cash Flow | -$1.4B | -$1.1B | -$210M | -33.6% | -574.0% |
| Item | Amount |
|---|---|
| REVENUE | $347M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $281M |
| R&D Expenses | $418.0K |
| Selling & Marketing | $2M |
| General & Administrative | $12M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $268M |
| Interest Income | $71M |
| Interest Expense | $84M |
| Other Income/Expenses | -$220M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $0 |
| EBIT | $48M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $347M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $281M |
| R&D Expenses | $418.0K |
| Selling & Marketing | $2M |
| General & Administrative | $12M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $268M |
| Interest Income | $71M |
| Interest Expense | $84M |
| Other Income/Expenses | -$220M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $0 |
| EBIT | $48M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.7B |
| Change in Working Capital | $257M |
| OPERATING CASH FLOW | -$1.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$529M |
| Sales/Maturities of Investments | $825M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | $285M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $975M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$1.4B |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $75M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | -$5M |
| TOTAL CURRENT ASSETS | $189M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $108M |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5.5B |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $510M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $903.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $8.4B |
| Net Debt | $8.3B |
