| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $367M | — | $323M | — | 13.7% |
| Op. Income | $112M | — | $109M | — | 3.2% |
| Gross Margin | 69.0% | — | 74.4% | — | -5.5pp |
| Net Margin | 24.0% | — | 26.5% | — | -2.5pp |
| EPS (Diluted) | $1.70 | — | $1.65 | — | 3.0% |
| Free Cash Flow | -$1.5B | — | -$243M | — | -502.3% |
| Item | Amount |
|---|---|
| REVENUE | $367M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $96M |
| SG&A Expenses | $111M |
| Other Expenses | $30M |
| Operating Expenses | $141M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $112M |
| Interest Income | $355M |
| Interest Expense | $103M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $10M |
| EBIT | $112M |
| EBITDA | $122M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $367M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $96M |
| SG&A Expenses | $111M |
| Other Expenses | $30M |
| Operating Expenses | $141M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $112M |
| Interest Income | $355M |
| Interest Expense | $103M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $10M |
| EBIT | $112M |
| EBITDA | $122M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.6B |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | -$1.5B |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$737.0K |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$421M |
| NET CASH FROM INVESTING | -$424M |
| Net Debt Issuance | -$600M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.0B |
| NET CASH FROM FINANCING | $3.4B |
| FREE CASH FLOW | -$1.5B |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $238M |
| Net Receivables | $771M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $33M |
| Goodwill | $18M |
| Intangible Assets | $49M |
| Long-Term Investments | $27.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $27.3B |
| TOTAL ASSETS | $33.5B |
| Account Payables | $34M |
| Short-Term Debt | $140M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.4B |
| TOTAL CURRENT LIABILITIES | $27.6B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $286M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $30.8B |
| Common Stock | $503.0K |
| Additional Paid-In Capital | $975M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$8.0K |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $33.5B |
| Total Debt | $3.0B |
| Net Debt | -$2.1B |
