| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $180M | $156M | -4.1% | 10.6% |
| Op. Income | $49M | $61M | $40M | -19.8% | 20.0% |
| Gross Margin | 84.1% | 85.6% | 86.8% | -1.4pp | -2.6pp |
| Net Margin | 21.7% | 25.9% | 20.5% | -4.2pp | 1.2pp |
| EPS (Diluted) | $0.64 | $0.80 | $0.61 | -20.0% | 4.9% |
| Free Cash Flow | -$22M | -$105M | $70M | 78.6% | -132.1% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $73M |
| SG&A Expenses | $76M |
| Other Expenses | $20M |
| Operating Expenses | $97M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $49M |
| Interest Income | $134M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $4M |
| EBIT | $49M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $73M |
| SG&A Expenses | $76M |
| Other Expenses | $20M |
| Operating Expenses | $97M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $49M |
| Interest Income | $134M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $4M |
| EBIT | $49M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$241M |
| Sales/Maturities of Investments | $272M |
| Other Investing Activities | -$131M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $96M |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $410M |
| Short-Term Investments | $1.2B |
| Net Receivables | $74M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $307M |
| Goodwill | $940M |
| Intangible Assets | $87M |
| Long-Term Investments | $9.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $403M |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $0 |
| Short-Term Debt | $206M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.3B |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $200M |
| TOTAL NON-CURRENT LIABILITIES | $428M |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $296M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $592M |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $434M |
| Net Debt | $24M |
