| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $405M | $409M | $408M | -0.9% | -0.8% |
| Op. Income | $103M | $112M | $107M | -8.4% | -3.7% |
| Gross Margin | 54.3% | 55.8% | 55.2% | -1.5pp | -0.9pp |
| Net Margin | 28.6% | 31.4% | 29.9% | -2.8pp | -1.3pp |
| EPS (Diluted) | $0.73 | $0.80 | $0.75 | -8.8% | -2.7% |
| Free Cash Flow | $152M | $137M | $126M | 10.9% | 21.0% |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $57M |
| SG&A Expenses | $57M |
| Other Expenses | $60M |
| Operating Expenses | $117M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $103M |
| Interest Income | $4M |
| Interest Expense | $134.0K |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $20M |
| EBIT | $103M |
| EBITDA | $123M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $57M |
| SG&A Expenses | $57M |
| Other Expenses | $60M |
| Operating Expenses | $117M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $103M |
| Interest Income | $4M |
| Interest Expense | $134.0K |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $116M |
| D&A | $20M |
| EBIT | $103M |
| EBITDA | $123M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$117M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$108M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $755M |
| Short-Term Investments | $31M |
| Net Receivables | $365M |
| Inventory | $0 |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $146M |
| Goodwill | $64M |
| Intangible Assets | $341M |
| Long-Term Investments | $169M |
| Tax Assets | $2M |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $781M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $296M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $58M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $379M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $518M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $0 |
| Net Debt | -$755M |
