| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $188M | $176M | -0.0% | 6.8% |
| Op. Income | $65M | $52M | $57M | 24.9% | 13.5% |
| Gross Margin | 85.8% | 85.9% | 89.5% | -0.1pp | -3.7pp |
| Net Margin | 27.5% | 22.1% | 26.8% | 5.4pp | 0.7pp |
| EPS (Diluted) | $1.50 | $1.17 | $1.28 | 28.2% | 17.2% |
| Free Cash Flow | $24M | $58M | $61M | -58.6% | -60.8% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $72M |
| SG&A Expenses | $73M |
| Other Expenses | $23M |
| Operating Expenses | $96M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $65M |
| Interest Income | $150M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $73M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $161M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $72M |
| SG&A Expenses | $73M |
| Other Expenses | $23M |
| Operating Expenses | $96M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $65M |
| Interest Income | $150M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $8M |
| EBIT | $65M |
| EBITDA | $73M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$229M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | -$61M |
| NET CASH FROM INVESTING | -$155M |
| Net Debt Issuance | -$1.0K |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $719M |
| Short-Term Investments | $1.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $324M |
| Goodwill | $1.0B |
| Intangible Assets | $82M |
| Long-Term Investments | $11.4B |
| Tax Assets | $28M |
| Other Non-Current Assets | $417M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $0 |
| Short-Term Debt | $269M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.0B |
| TOTAL CURRENT LIABILITIES | $12.3B |
| Long-Term Debt | $816M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $292M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $85M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $646M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $1.1B |
| Net Debt | $366M |
