| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $551M | $412M | $377M | 33.7% | 45.9% |
| Op. Income | $192M | $50M | $113M | 282.3% | 69.6% |
| Gross Margin | 61.3% | 48.8% | 61.4% | 12.6pp | -0.1pp |
| Net Margin | 26.8% | 25.2% | 12.5% | 1.6pp | 14.3pp |
| EPS (Diluted) | $0.33 | $0.24 | $0.11 | 37.5% | 200.0% |
| Free Cash Flow | -$10M | -$13M | -$46M | 19.9% | 77.3% |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $78M |
| Operating Expenses | $146M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $192M |
| Interest Income | $538M |
| Interest Expense | $155M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $4M |
| EBIT | $192M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $551M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $338M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $78M |
| Operating Expenses | $146M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $192M |
| Interest Income | $538M |
| Interest Expense | $155M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $4M |
| EBIT | $192M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$84M |
| Other Non-Cash Items | $59M |
| Change in Working Capital | -$143M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$249M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $777M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $727M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $176M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $106M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $198M |
| TOTAL NON-CURRENT ASSETS | $22.6B |
| TOTAL ASSETS | $26.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.2B |
| TOTAL CURRENT LIABILITIES | $19.2B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $225M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $23.7B |
| Common Stock | $90M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$143M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $26.6B |
| Total Debt | $4.3B |
| Net Debt | $1.7B |
