| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $410M | $409M | 1.6% | 1.9% |
| Op. Income | $121M | $120M | $112M | 0.4% | 7.3% |
| Gross Margin | 56.1% | 56.2% | 55.8% | -0.1pp | 0.3pp |
| Net Margin | 31.8% | 30.9% | 31.4% | 0.9pp | 0.4pp |
| EPS (Diluted) | $0.86 | $0.82 | $0.80 | 4.9% | 7.5% |
| Free Cash Flow | $144M | $138M | $137M | 4.7% | 4.9% |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | $59M |
| Operating Expenses | $113M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $121M |
| Interest Income | $4M |
| Interest Expense | $154.0K |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $20M |
| EBIT | $121M |
| EBITDA | $142M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | $59M |
| Operating Expenses | $113M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $121M |
| Interest Income | $4M |
| Interest Expense | $154.0K |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $20M |
| EBIT | $121M |
| EBITDA | $142M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $132M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $645.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $477.0K |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $768M |
| Short-Term Investments | $33M |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $196M |
| Goodwill | $64M |
| Intangible Assets | $330M |
| Long-Term Investments | $149M |
| Tax Assets | $1M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $800M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $216M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $337M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $600M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $46M |
| Net Debt | -$722M |
