| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $177M | $176M | $151M | 0.9% | 16.9% |
| Op. Income | $62M | $57M | $43M | 8.3% | 43.5% |
| Gross Margin | 88.0% | 89.5% | 93.8% | -1.5pp | -5.8pp |
| Net Margin | 27.7% | 26.8% | 1.6% | 0.9pp | 26.1pp |
| EPS (Diluted) | $1.35 | $1.28 | $0.08 | 5.5% | 1664.7% |
| Free Cash Flow | $55M | $61M | $44M | -10.5% | 25.1% |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $82M |
| SG&A Expenses | $83M |
| Other Expenses | $11M |
| Operating Expenses | $94M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $62M |
| Interest Income | $144M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $9M |
| EBIT | $62M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $82M |
| SG&A Expenses | $83M |
| Other Expenses | $11M |
| Operating Expenses | $94M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $62M |
| Interest Income | $144M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $9M |
| EBIT | $62M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | -$105M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | $101M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $241M |
| Goodwill | $1.0B |
| Intangible Assets | $98M |
| Long-Term Investments | $11.0B |
| Tax Assets | $37M |
| Other Non-Current Assets | $394M |
| TOTAL NON-CURRENT ASSETS | $12.8B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $0 |
| Short-Term Debt | $421M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.6B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $106M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $137M |
| TOTAL NON-CURRENT LIABILITIES | $242M |
| TOTAL LIABILITIES | $12.3B |
| Common Stock | $90M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $551M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $526M |
| Net Debt | $150M |
