| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | 3.6% | 14.1% |
| Op. Income | $133M | $130M | $1M | 2.4% | 12027.3% |
| Gross Margin | 22.3% | 22.8% | 15.4% | -0.4pp | 7.0pp |
| Net Margin | 8.7% | 9.8% | 11.2% | -1.1pp | -2.5pp |
| EPS (Diluted) | $2.76 | $2.96 | $2.88 | -6.8% | -4.2% |
| Free Cash Flow | $176M | $270M | $84M | -34.8% | 108.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $977M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $148M |
| Operating Expenses | $148M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | -$400.0K |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $5M |
| EBIT | $143M |
| EBITDA | $148M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $977M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $148M |
| Operating Expenses | $148M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | -$400.0K |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $5M |
| EBIT | $143M |
| EBITDA | $148M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$34M |
| Change in Working Capital | $95M |
| OPERATING CASH FLOW | $179M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$475M |
| Sales/Maturities of Investments | $671M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $193M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$164M |
| Common Dividends Paid | -$121M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$314M |
| FREE CASH FLOW | $176M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $6.7B |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | -$10.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $179M |
| Intangible Assets | $0 |
| Long-Term Investments | $7.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $12.5B |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$681M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $653M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | -$705M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $9.6B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $153M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $653M |
| Net Debt | $438M |
