| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | -$13M | $98M | 1138.4% | 40.1% |
| Op. Income | $89M | -$67M | $52M | 232.4% | 72.0% |
| Gross Margin | 75.0% | 365.7% | 61.7% | -290.7pp | 13.3pp |
| Net Margin | 65.0% | 510.1% | 53.0% | -445.1pp | 12.0pp |
| EPS (Diluted) | $0.24 | $-0.18 | $0.14 | 233.3% | 71.4% |
| Free Cash Flow | $248M | $162M | -$242M | 53.5% | 202.5% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $89M |
| Interest Income | $155M |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $0 |
| EBIT | $89M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $89M |
| Interest Income | $155M |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $0 |
| EBIT | $89M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $147M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $248M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$168M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$61M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$237M |
| FREE CASH FLOW | $248M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $139M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.7B |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $367.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$707M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
