| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | $223M | $216M | -1.7% | 1.8% |
| Op. Income | $13M | $24M | $18M | -44.5% | -28.0% |
| Gross Margin | 60.7% | 60.1% | 60.4% | 0.7pp | 0.3pp |
| Net Margin | 4.4% | 9.0% | 7.0% | -4.6pp | -2.6pp |
| EPS (Diluted) | $0.22 | $0.45 | $0.35 | -51.1% | -37.1% |
| Free Cash Flow | $28M | $60M | $22M | -53.2% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $133M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $13M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $14M |
| EBIT | $17M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $133M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $13M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $14M |
| EBIT | $17M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$118M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$607.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $499M |
| Net Receivables | $76M |
| Inventory | $73M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $944M |
| PP&E (Net) | $136M |
| Goodwill | $398M |
| Intangible Assets | $134M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $731M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $368M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $422M |
| TOTAL LIABILITIES | $560M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $134M |
| Retained Earnings | $981M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $646.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $368M |
| Net Debt | $141M |
