| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $159M | $161M | $155M | -1.2% | 2.6% |
| Op. Income | $47M | $49M | $41M | -3.3% | 15.8% |
| Gross Margin | 84.5% | 84.4% | 83.2% | 0.0pp | 1.3pp |
| Net Margin | 25.8% | 26.2% | 23.4% | -0.4pp | 2.4pp |
| EPS (Diluted) | $0.64 | $0.65 | $0.54 | -1.5% | 18.5% |
| Free Cash Flow | -$20M | -$25M | $56M | 19.9% | -136.0% |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | $23M |
| Operating Expenses | $87M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $47M |
| Interest Income | $130M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $10M |
| EBIT | $47M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | $23M |
| Operating Expenses | $87M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $47M |
| Interest Income | $130M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $10M |
| EBIT | $47M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$266.0K |
| Purchases of Investments | -$726.0K |
| Sales/Maturities of Investments | $134M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | $104M |
| Net Debt Issuance | -$274.0K |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $486M |
| Short-Term Investments | $1.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $222M |
| Goodwill | $380M |
| Intangible Assets | $81M |
| Long-Term Investments | $10.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $564M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $13.6B |
| Account Payables | $0 |
| Short-Term Debt | $377M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.3B |
| TOTAL CURRENT LIABILITIES | $11.6B |
| Long-Term Debt | $139M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $136M |
| TOTAL NON-CURRENT LIABILITIES | $309M |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $13M |
| Additional Paid-In Capital | $257M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $13.6B |
| Total Debt | $550M |
| Net Debt | $63M |
