| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $154M | $121M | $101M | 27.5% | 52.6% |
| Op. Income | $100M | $68M | $58M | 45.7% | 70.7% |
| Gross Margin | 70.5% | 65.9% | 66.8% | 4.6pp | 3.7pp |
| Net Margin | 27.0% | 38.5% | 40.4% | -11.5pp | -13.4pp |
| EPS (Diluted) | $0.55 | $0.62 | $0.50 | -11.3% | 10.0% |
| Free Cash Flow | $228M | -$210M | -$60M | 208.3% | 480.3% |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $109M |
| R&D Expenses | $394.0K |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $100M |
| Interest Income | $67M |
| Interest Expense | $54M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $0 |
| EBIT | $81M |
| EBITDA | $81M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $109M |
| R&D Expenses | $394.0K |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $100M |
| Interest Income | $67M |
| Interest Expense | $54M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $0 |
| EBIT | $81M |
| EBITDA | $81M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $996.0K |
| Deferred Income Tax | -$58M |
| Other Non-Cash Items | $197M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$548M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | -$252M |
| NET CASH FROM INVESTING | -$742M |
| Net Debt Issuance | $142M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $379M |
| NET CASH FROM FINANCING | $485M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $75M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $139M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.7B |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $107M |
| Short-Term Debt | $5.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$622M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $530M |
| Deferred Revenue NC | $6.2B |
| Deferred Tax Liabilities | -$5.1B |
| Other Non-Current Liabilities | -$530M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $610.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $6.1B |
| Net Debt | $6.0B |
