| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $597M | $608M | $551M | -1.8% | 8.3% |
| Op. Income | $176M | $169M | $192M | 4.1% | -8.3% |
| Gross Margin | 53.2% | 53.1% | 61.3% | 0.1pp | -8.1pp |
| Net Margin | 23.7% | 21.1% | 26.8% | 2.6pp | -3.1pp |
| EPS (Diluted) | $0.33 | $0.30 | $0.33 | 10.0% | 0.0% |
| Free Cash Flow | $62M | -$14M | -$10M | 530.2% | 697.2% |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $65M |
| Operating Expenses | $142M |
| Cost & Expenses | $421M |
| OPERATING INCOME | $176M |
| Interest Income | $600M |
| Interest Expense | $181M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $176M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $4M |
| EBIT | $176M |
| EBITDA | $180M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $65M |
| Operating Expenses | $142M |
| Cost & Expenses | $421M |
| OPERATING INCOME | $176M |
| Interest Income | $600M |
| Interest Expense | $181M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $176M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $4M |
| EBIT | $176M |
| EBITDA | $180M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$129M |
| Other Non-Cash Items | $118M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $310M |
| NET CASH FROM INVESTING | $279M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $1.7B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $62M |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.6B |
| Short-Term Investments | $488M |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $135M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $24.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $239M |
| TOTAL NON-CURRENT ASSETS | $25.1B |
| TOTAL ASSETS | $32.7B |
| Account Payables | $0 |
| Short-Term Debt | $289M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.5B |
| TOTAL CURRENT LIABILITIES | $24.8B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $255M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $29.4B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$325M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $32.7B |
| Total Debt | $4.6B |
| Net Debt | -$921M |
