| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $98M | $107M | 69.7% | 55.3% |
| Op. Income | $114M | $52M | $51M | 120.4% | 123.4% |
| Gross Margin | 90.0% | 61.7% | 82.1% | 28.3pp | 7.9pp |
| Net Margin | 68.8% | 53.0% | 47.9% | 15.8pp | 21.0pp |
| EPS (Diluted) | $0.31 | $0.14 | $0.14 | 121.4% | 121.4% |
| Free Cash Flow | $111M | -$242M | $301M | 145.9% | -63.2% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $27M |
| Operating Expenses | $35M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $114M |
| Interest Income | $160M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $0 |
| EBIT | $114M |
| EBITDA | $114M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $27M |
| Operating Expenses | $35M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $114M |
| Interest Income | $160M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $0 |
| EBIT | $114M |
| EBITDA | $114M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $111M |
| 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 | -$60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$54M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | $111M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $110M |
| 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 | $56M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $364.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$615M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
