| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $75M | $80M | $72M | -5.8% | 4.8% |
| Op. Income | $32M | $23M | $20M | 42.1% | 58.9% |
| Gross Margin | 85.3% | 80.3% | 80.9% | 5.0pp | 4.4pp |
| Net Margin | 34.2% | 23.1% | 24.1% | 11.2pp | 10.1pp |
| EPS (Diluted) | $1.22 | $0.87 | $0.82 | 40.2% | 48.8% |
| Free Cash Flow | $34M | $20M | $32M | 69.9% | 4.3% |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $3M |
| Operating Expenses | $32M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $32M |
| Interest Income | $65M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $3M |
| Operating Expenses | $32M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $32M |
| Interest Income | $65M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $279.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $197M |
| Other Investing Activities | $239M |
| NET CASH FROM INVESTING | $337M |
| Net Debt Issuance | -$420M |
| Common Stock Repurchased | -$838.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $40M |
| NET CASH FROM FINANCING | -$386M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $471M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $871M |
| PP&E (Net) | $81M |
| Goodwill | $16M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $178M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $0 |
| Short-Term Debt | $168M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.8B |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $791M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $902M |
| TOTAL LIABILITIES | $4.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $142M |
| Retained Earnings | $614M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $764M |
| Minority Interest | $0 |
| TOTAL EQUITY | $764M |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $995M |
| Net Debt | $610M |
