| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $608M | $593M | $412M | 2.4% | 47.5% |
| Op. Income | $169M | $184M | $50M | -8.1% | 236.9% |
| Gross Margin | 53.1% | 54.4% | 48.8% | -1.3pp | 4.3pp |
| Net Margin | 21.1% | 25.3% | 25.2% | -4.2pp | -4.1pp |
| EPS (Diluted) | $0.30 | $0.35 | $0.24 | -14.3% | 25.0% |
| Free Cash Flow | -$14M | -$80M | -$13M | 82.0% | -11.2% |
| Item | Amount |
|---|---|
| REVENUE | $608M |
| Cost of Revenue | $285M |
| GROSS PROFIT | $323M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $74M |
| SG&A Expenses | $74M |
| Other Expenses | $80M |
| Operating Expenses | $154M |
| Cost & Expenses | $438M |
| OPERATING INCOME | $169M |
| Interest Income | $590M |
| Interest Expense | $185M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $4M |
| EBIT | $169M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $608M |
| Cost of Revenue | $285M |
| GROSS PROFIT | $323M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $74M |
| SG&A Expenses | $74M |
| Other Expenses | $80M |
| Operating Expenses | $154M |
| Cost & Expenses | $438M |
| OPERATING INCOME | $169M |
| Interest Income | $590M |
| Interest Expense | $185M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $4M |
| EBIT | $169M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $100M |
| Change in Working Capital | -$293M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$146M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $36M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.9B |
| Short-Term Investments | $456M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $135M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $24.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $258M |
| TOTAL NON-CURRENT ASSETS | $25.2B |
| TOTAL ASSETS | $31.2B |
| Account Payables | $0 |
| Short-Term Debt | $298M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.8B |
| TOTAL CURRENT LIABILITIES | $23.1B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $256M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $28.0B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$315M |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $31.2B |
| Total Debt | $4.9B |
| Net Debt | $1.0B |
