| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | $275M | $236M | 0.1% | 16.7% |
| Op. Income | $40M | $37M | $38M | 9.2% | 6.6% |
| Gross Margin | 45.4% | 44.6% | 45.4% | 0.9pp | -0.0pp |
| Net Margin | 14.7% | 11.6% | 16.5% | 3.0pp | -1.8pp |
| EPS (Diluted) | $1.00 | $0.80 | $0.96 | 25.0% | 4.2% |
| Free Cash Flow | $124M | $11M | $104M | 1004.7% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $125M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $40M |
| Interest Income | $499.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $499.0K |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $162.0K |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $20M |
| EBIT | $41M |
| EBITDA | $60M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $125M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $40M |
| Interest Income | $499.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $499.0K |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $162.0K |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $20M |
| EBIT | $41M |
| EBITDA | $60M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$650.0K |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | -$925.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $33M |
| Net Receivables | $348M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $570M |
| PP&E (Net) | $190M |
| Goodwill | $826M |
| Intangible Assets | $378M |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $392M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $477M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $241.0K |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $535M |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $693M |
| Retained Earnings | $871M |
| Treasury Stock | -$44M |
| Accum. Other Comp. Income | -$46.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $25M |
| Net Debt | -$137M |
