| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $284M | $273M | $202M | 4.0% | 40.8% |
| Op. Income | $119M | $118M | $82M | 0.5% | 44.9% |
| Gross Margin | 73.5% | 75.3% | 80.4% | -1.8pp | -6.8pp |
| Net Margin | 33.5% | 34.3% | 13.3% | -0.8pp | 20.3pp |
| EPS (Diluted) | $1.23 | $1.21 | $0.35 | 1.7% | 251.4% |
| Free Cash Flow | $147M | $104M | $44M | 41.4% | 236.2% |
| Item | Amount |
|---|---|
| REVENUE | $284M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $91M |
| SG&A Expenses | $94M |
| Other Expenses | -$4M |
| Operating Expenses | $90M |
| Cost & Expenses | $165M |
| OPERATING INCOME | $119M |
| Interest Income | $256M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | -$3M |
| EBIT | $119M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $284M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $91M |
| SG&A Expenses | $94M |
| Other Expenses | -$4M |
| Operating Expenses | $90M |
| Cost & Expenses | $165M |
| OPERATING INCOME | $119M |
| Interest Income | $256M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | -$3M |
| EBIT | $119M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $152M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$300M |
| Sales/Maturities of Investments | $228M |
| Other Investing Activities | -$229M |
| NET CASH FROM INVESTING | -$307M |
| Net Debt Issuance | -$58M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $416M |
| NET CASH FROM FINANCING | $326M |
| FREE CASH FLOW | $147M |
| Net Change in Cash | $171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $654M |
| Short-Term Investments | $3.1B |
| Net Receivables | $80M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $266M |
| Goodwill | $1.8B |
| Intangible Assets | $46M |
| Long-Term Investments | $18.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $987M |
| TOTAL NON-CURRENT ASSETS | $21.2B |
| TOTAL ASSETS | $25.0B |
| Account Payables | $24M |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.8B |
| TOTAL CURRENT LIABILITIES | $19.0B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $77M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $833M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $25.0B |
| Total Debt | $2.0B |
| Net Debt | $1.4B |
