| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | $142M | $134M | 9.6% | 16.2% |
| Op. Income | $40M | $47M | $41M | -14.1% | -0.3% |
| Gross Margin | 86.8% | 88.7% | 90.4% | -2.0pp | -3.7pp |
| Net Margin | 20.5% | 25.8% | 19.7% | -5.3pp | 0.8pp |
| EPS (Diluted) | $0.61 | $0.74 | $0.53 | -17.6% | 15.1% |
| Free Cash Flow | $70M | -$18M | $40M | 490.4% | 72.6% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $62M |
| SG&A Expenses | $64M |
| Other Expenses | $31M |
| Operating Expenses | $95M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $40M |
| Interest Income | $118M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| 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 | $2M |
| EBIT | $40M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $62M |
| SG&A Expenses | $64M |
| Other Expenses | $31M |
| Operating Expenses | $95M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $40M |
| Interest Income | $118M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| 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 | $2M |
| EBIT | $40M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $140M |
| NET CASH FROM INVESTING | $108M |
| Net Debt Issuance | -$172M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $78M |
| NET CASH FROM FINANCING | -$106M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $370M |
| Short-Term Investments | $1.2B |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $207M |
| Goodwill | $927M |
| Intangible Assets | $93M |
| Long-Term Investments | $9.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $435M |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $0 |
| Short-Term Debt | $176M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.2B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $264M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $389M |
| TOTAL LIABILITIES | $10.7B |
| Common Stock | $296M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $469M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $440M |
| Net Debt | $70M |
