| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $521M | $505M | — | 3.1% | — |
| Op. Income | $132M | $135M | — | -1.7% | — |
| Gross Margin | 89.5% | 88.9% | — | 0.5pp | — |
| Net Margin | 18.4% | 19.2% | — | -0.8pp | — |
| EPS (Diluted) | $2.28 | $2.28 | — | 0.0% | — |
| Free Cash Flow | $132M | $109M | — | 20.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $521M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $466M |
| R&D Expenses | $0 |
| Selling & Marketing | $89M |
| General & Administrative | $45M |
| SG&A Expenses | $134M |
| Other Expenses | -$333M |
| Operating Expenses | -$333M |
| Cost & Expenses | $396M |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$207M |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $5M |
| EBIT | $464M |
| EBITDA | $469M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $521M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $466M |
| R&D Expenses | $0 |
| Selling & Marketing | $89M |
| General & Administrative | $45M |
| SG&A Expenses | $134M |
| Other Expenses | -$333M |
| Operating Expenses | -$333M |
| Cost & Expenses | $396M |
| OPERATING INCOME | $132M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$207M |
| INCOME BEFORE TAX | $125M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $5M |
| EBIT | $464M |
| EBITDA | $469M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | $68M |
| OPERATING CASH FLOW | $136M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$160M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | -$71.0K |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$340.0K |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $238M |
| Short-Term Investments | $2.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $3.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.5B |
| TOTAL NON-CURRENT ASSETS | $94M |
| TOTAL ASSETS | $13.5B |
| Account Payables | $317M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$564M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.2B |
| TOTAL NON-CURRENT LIABILITIES | $11.8B |
| TOTAL LIABILITIES | $11.8B |
| Common Stock | $415.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
