| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $150M | $155M | $146M | -3.0% | 3.1% |
| Op. Income | $43M | $41M | $41M | 5.5% | 4.8% |
| Gross Margin | 85.6% | 83.2% | 88.3% | 2.3pp | -2.7pp |
| Net Margin | 24.4% | 23.4% | 10.8% | 1.0pp | 13.6pp |
| EPS (Diluted) | $0.55 | $0.54 | $0.23 | 1.9% | 139.1% |
| Free Cash Flow | $91M | $56M | $67M | 62.0% | 36.7% |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $62M |
| SG&A Expenses | $62M |
| Other Expenses | $24M |
| Operating Expenses | $86M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $43M |
| Interest Income | $125M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $9M |
| EBIT | $43M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $62M |
| SG&A Expenses | $62M |
| Other Expenses | $24M |
| Operating Expenses | $86M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $43M |
| Interest Income | $125M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $9M |
| EBIT | $43M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $37M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | -$67M |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$224M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $350M |
| Short-Term Investments | $1.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $178M |
| Goodwill | $380M |
| Intangible Assets | $107M |
| Long-Term Investments | $9.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $534M |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $0 |
| Short-Term Debt | $191M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.4B |
| TOTAL CURRENT LIABILITIES | $11.6B |
| Long-Term Debt | $80M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $14M |
| Additional Paid-In Capital | $310M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $271M |
| Net Debt | -$78M |
