| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $353M | $367M | $334M | -4.0% | 5.4% |
| Op. Income | $90M | $112M | $91M | -19.3% | -0.7% |
| Gross Margin | 69.8% | 69.0% | 65.3% | 0.9pp | 4.5pp |
| Net Margin | 21.0% | 24.0% | 21.5% | -3.0pp | -0.5pp |
| EPS (Diluted) | $1.42 | $1.70 | $1.38 | -16.5% | 2.9% |
| Free Cash Flow | $188M | -$1.5B | -$293M | 112.8% | 164.1% |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $246M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $100M |
| SG&A Expenses | $112M |
| Other Expenses | $43M |
| Operating Expenses | $156M |
| Cost & Expenses | $262M |
| OPERATING INCOME | $90M |
| Interest Income | $338M |
| Interest Expense | $89M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $12M |
| EBIT | $90M |
| EBITDA | $102M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $246M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $100M |
| SG&A Expenses | $112M |
| Other Expenses | $43M |
| Operating Expenses | $156M |
| Cost & Expenses | $262M |
| OPERATING INCOME | $90M |
| Interest Income | $338M |
| Interest Expense | $89M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $12M |
| EBIT | $90M |
| EBITDA | $102M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $113M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $651.0K |
| Other Investing Activities | $65M |
| NET CASH FROM INVESTING | $62M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$933M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $188M |
| Net Change in Cash | -$784M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $240M |
| Net Receivables | $740M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $31M |
| Goodwill | $15M |
| Intangible Assets | $68M |
| Long-Term Investments | $27.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $27.2B |
| TOTAL ASSETS | $32.5B |
| Account Payables | $13M |
| Short-Term Debt | $142M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.5B |
| TOTAL CURRENT LIABILITIES | $26.6B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $318M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $29.7B |
| Common Stock | $503.0K |
| Additional Paid-In Capital | $978M |
| Retained Earnings | $1.7B |
| 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 | $32.5B |
| Total Debt | $2.9B |
| Net Debt | -$1.5B |
