| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $380M | $395M | $331M | -3.7% | 15.0% |
| Op. Income | $218M | $210M | $185M | 3.9% | 17.9% |
| Gross Margin | 83.0% | 79.4% | 84.2% | 3.6pp | -1.2pp |
| Net Margin | 45.6% | 42.2% | 43.2% | 3.4pp | 2.4pp |
| EPS (Diluted) | $0.83 | $0.78 | $0.66 | 6.4% | 25.8% |
| Free Cash Flow | $163M | $112M | $183M | 45.9% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $98M |
| Operating Expenses | $98M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $2M |
| EBIT | $231M |
| EBITDA | $233M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $316M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $98M |
| Operating Expenses | $98M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $2M |
| EBIT | $231M |
| EBITDA | $233M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $173M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $169M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$328M |
| Sales/Maturities of Investments | $328M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$91M |
| Common Stock Repurchased | -$86M |
| Common Dividends Paid | -$506.0K |
| Other Financing Activities | $619.0K |
| NET CASH FROM FINANCING | -$177M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $5.1B |
| Net Receivables | $161M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $77M |
| Goodwill | $15M |
| Intangible Assets | $93M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $733M |
| TOTAL NON-CURRENT ASSETS | $917M |
| TOTAL ASSETS | $6.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $353M |
| TOTAL CURRENT LIABILITIES | $353M |
| Long-Term Debt | $991M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $220.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$902M |
| Accum. Other Comp. Income | $126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $991M |
| Net Debt | $942M |
