| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237M | $238M | $241M | -0.5% | -1.5% |
| Op. Income | $39M | $49M | $46M | -20.2% | -16.0% |
| Gross Margin | 16.6% | 19.1% | 19.8% | -2.5pp | -3.1pp |
| Net Margin | 13.6% | 17.0% | 16.4% | -3.4pp | -2.7pp |
| EPS (Diluted) | $0.35 | $0.45 | $0.44 | -20.2% | -19.3% |
| Free Cash Flow | $80M | $73M | $62M | 10.0% | 29.3% |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$2M |
| Operating Expenses | $433.0K |
| Cost & Expenses | $198M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $0 |
| EBIT | $41M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $198M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$2M |
| Operating Expenses | $433.0K |
| Cost & Expenses | $198M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $0 |
| EBIT | $41M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $100.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $28.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $2.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $53M |
| Goodwill | $46M |
| Intangible Assets | $8M |
| Long-Term Investments | $2.5B |
| Tax Assets | $56M |
| Other Non-Current Assets | -$1.7B |
| TOTAL NON-CURRENT ASSETS | $991M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$74M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $149M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $678.0K |
| Additional Paid-In Capital | $318M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$401M |
| Accum. Other Comp. Income | $58M |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | $1000M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1000M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $149M |
| Net Debt | $80M |
