| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $331M | $318M | 0.2% | 4.3% |
| Op. Income | $176M | $185M | $165M | -4.4% | 7.1% |
| Gross Margin | 82.3% | 84.2% | 79.7% | -1.8pp | 2.6pp |
| Net Margin | 42.2% | 43.2% | 2.1% | -1.0pp | 40.0pp |
| EPS (Diluted) | $0.64 | $0.66 | $0.03 | -3.0% | 1971.2% |
| Free Cash Flow | $180M | $183M | $139M | -1.6% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $273M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $96M |
| Operating Expenses | $96M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $176M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $140M |
| D&A | $3M |
| EBIT | $192M |
| EBITDA | $196M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $273M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $96M |
| Operating Expenses | $96M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $176M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $176M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $140M |
| D&A | $3M |
| EBIT | $192M |
| EBITDA | $196M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $140M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$469M |
| Sales/Maturities of Investments | $299M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$183M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$534.0K |
| Other Financing Activities | -$867.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $180M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $4.5B |
| Net Receivables | $138M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $37M |
| Goodwill | $14M |
| Intangible Assets | $96M |
| Long-Term Investments | $0 |
| Tax Assets | $132M |
| Other Non-Current Assets | $835M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $321M |
| TOTAL CURRENT LIABILITIES | $321M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $174M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $231.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$895M |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
