| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $156M | $137M | 11.3% | 26.6% |
| Op. Income | $58M | $40M | $47M | 42.0% | 23.0% |
| Gross Margin | 86.9% | 86.8% | 90.2% | 0.2pp | -3.2pp |
| Net Margin | 25.6% | 20.5% | 12.0% | 5.1pp | 13.6pp |
| EPS (Diluted) | $0.76 | $0.61 | $0.33 | 24.6% | 130.3% |
| Free Cash Flow | $69M | $70M | $148M | -1.6% | -53.6% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $66M |
| SG&A Expenses | $68M |
| Other Expenses | $25M |
| Operating Expenses | $93M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $58M |
| Interest Income | $137M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | -$193.0K |
| EBIT | $58M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $66M |
| SG&A Expenses | $68M |
| Other Expenses | $25M |
| Operating Expenses | $93M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $58M |
| Interest Income | $137M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | -$193.0K |
| EBIT | $58M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | -$193.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $212M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | $150M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $569M |
| Short-Term Investments | $1.3B |
| Net Receivables | $65M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $209M |
| Goodwill | $933M |
| Intangible Assets | $93M |
| Long-Term Investments | $9.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $434M |
| TOTAL NON-CURRENT ASSETS | $11.0B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $0 |
| Short-Term Debt | $388M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.1B |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $264M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $375M |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $296M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $501M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $651M |
| Net Debt | $82M |
