| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $423M | $416M | $405M | 1.7% | 4.5% |
| Op. Income | $116M | $121M | $103M | -3.8% | 12.8% |
| Gross Margin | 56.4% | 56.1% | 54.3% | 0.3pp | 2.0pp |
| Net Margin | 30.4% | 31.8% | 28.6% | -1.3pp | 1.8pp |
| EPS (Diluted) | $0.84 | $0.86 | $0.73 | -2.3% | 15.1% |
| Free Cash Flow | $144M | $144M | $152M | -0.2% | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $238M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $63M |
| Operating Expenses | $122M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $116M |
| Interest Income | $4M |
| Interest Expense | $153.0K |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $20M |
| EBIT | $160M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $238M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $63M |
| Operating Expenses | $122M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $116M |
| Interest Income | $4M |
| Interest Expense | $153.0K |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $20M |
| EBIT | $160M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$433.0K |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $841M |
| Short-Term Investments | $33M |
| Net Receivables | $395M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $204M |
| Goodwill | $64M |
| Intangible Assets | $324M |
| Long-Term Investments | $190M |
| Tax Assets | $3M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $847M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $294M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $413M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $602M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $48M |
| Net Debt | -$794M |
