| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $175M | $164M | 5.9% | 12.7% |
| Op. Income | $44M | $34M | $43M | 31.2% | 2.3% |
| Gross Margin | 67.4% | 64.8% | 67.2% | 2.6pp | 0.2pp |
| Net Margin | 24.2% | 10.1% | 12.0% | 14.1pp | 12.1pp |
| EPS (Diluted) | $0.29 | $0.11 | $0.13 | 163.6% | 123.1% |
| Free Cash Flow | $35M | $42M | $18M | -17.2% | 91.5% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $125M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $141M |
| OPERATING INCOME | $44M |
| Interest Income | $84.0K |
| Interest Expense | $5M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $19M |
| EBIT | $55M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $125M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $141M |
| OPERATING INCOME | $44M |
| Interest Income | $84.0K |
| Interest Expense | $5M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $19M |
| EBIT | $55M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $188.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $83M |
| Net Receivables | $134M |
| Inventory | $94M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $423M |
| PP&E (Net) | $145M |
| Goodwill | $720M |
| Intangible Assets | $579M |
| Long-Term Investments | -$97M |
| Tax Assets | $97M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $15M |
| Short-Term Debt | $13M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $510M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $97M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $628M |
| TOTAL LIABILITIES | $726M |
| Common Stock | $378.0K |
| Additional Paid-In Capital | $298M |
| Retained Earnings | $928M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$80M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $522M |
| Net Debt | $427M |
