| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | $305M | $182M | -28.4% | 20.6% |
| Op. Income | $53M | $135M | $24M | -60.6% | 119.0% |
| Gross Margin | 35.9% | 50.1% | 22.0% | -14.2pp | 13.9pp |
| Net Margin | 24.2% | 43.5% | 10.9% | -19.3pp | 13.3pp |
| EPS (Diluted) | $0.57 | $1.43 | $0.19 | -60.1% | 200.0% |
| Free Cash Flow | $75M | $23M | $50M | 225.4% | 49.4% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $6M |
| Operating Expenses | $26M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $53M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | -$74.0K |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $0 |
| EBIT | $55M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $6M |
| Operating Expenses | $26M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $53M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | -$74.0K |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $0 |
| EBIT | $55M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$71M |
| Change in Working Capital | $88M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$344M |
| Sales/Maturities of Investments | $352M |
| Other Investing Activities | -$884.0K |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $402M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $496M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $208M |
| Long-Term Investments | $1.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$208M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $104M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$107M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $662.0K |
| Deferred Tax Liabilities | -$2.0B |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $9M |
| Additional Paid-In Capital | $924M |
| Retained Earnings | $462M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $114M |
| Net Debt | $20M |
