| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $532M | $521M | — | 2.2% | — |
| Op. Income | $122M | $132M | — | -7.7% | — |
| Gross Margin | 35.7% | 89.5% | — | -53.7pp | — |
| Net Margin | 17.6% | 18.4% | — | -0.8pp | — |
| EPS (Diluted) | $2.24 | $2.28 | — | -1.8% | — |
| Free Cash Flow | $159M | $132M | — | 20.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $532M |
| Cost of Revenue | $342M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $68M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $122M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $5M |
| EBIT | $129M |
| EBITDA | $134M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $532M |
| Cost of Revenue | $342M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $68M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $122M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $5M |
| EBIT | $129M |
| EBITDA | $134M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$189M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | -$70.0K |
| Common Stock Repurchased | -$44M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$169.0K |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $159M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $2.4B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | -$7.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $93M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.7B |
| Account Payables | $340M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$360M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $189M |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $412.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
