| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $177M | $179M | -0.9% | -1.8% |
| Op. Income | $56M | $62M | $54M | -9.8% | 3.7% |
| Gross Margin | 87.7% | 88.0% | 93.5% | -0.3pp | -5.9pp |
| Net Margin | 25.3% | 27.7% | 23.7% | -2.4pp | 1.6pp |
| EPS (Diluted) | $1.25 | $1.35 | $1.15 | -7.4% | 8.7% |
| Free Cash Flow | $34M | $55M | $102M | -37.9% | -66.6% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $154M |
| R&D Expenses | $0 |
| Selling & Marketing | $807.0K |
| General & Administrative | $70M |
| SG&A Expenses | $71M |
| Other Expenses | $27M |
| Operating Expenses | $98M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $56M |
| Interest Income | $143M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $9M |
| EBIT | $56M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $154M |
| R&D Expenses | $0 |
| Selling & Marketing | $807.0K |
| General & Administrative | $70M |
| SG&A Expenses | $71M |
| Other Expenses | $27M |
| Operating Expenses | $98M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $56M |
| Interest Income | $143M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $9M |
| EBIT | $56M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $190M |
| Other Investing Activities | -$126M |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | $350M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $279M |
| NET CASH FROM FINANCING | $580M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $541M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $950M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $323M |
| Goodwill | $1.0B |
| Intangible Assets | $92M |
| Long-Term Investments | $11.2B |
| Tax Assets | $32M |
| Other Non-Current Assets | $378M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $15.4B |
| Account Payables | $0 |
| Short-Term Debt | $277M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.9B |
| TOTAL CURRENT LIABILITIES | $12.2B |
| Long-Term Debt | $616M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $218M |
| TOTAL NON-CURRENT LIABILITIES | $835M |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $88M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $582M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $15.4B |
| Total Debt | $893M |
| Net Debt | -$56M |
