| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $146M | $119M | 5.0% | 28.0% |
| Op. Income | $57M | $53M | $44M | 6.8% | 30.0% |
| Gross Margin | 88.0% | 89.3% | 91.6% | -1.4pp | -3.6pp |
| Net Margin | 28.6% | 27.2% | 23.4% | 1.3pp | 5.2pp |
| EPS (Diluted) | $0.54 | $0.49 | $0.38 | 10.2% | 42.1% |
| Free Cash Flow | $79M | $40M | $46M | 98.0% | 72.5% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $49M |
| SG&A Expenses | $51M |
| Other Expenses | $27M |
| Operating Expenses | $78M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $57M |
| Interest Income | $129M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $7M |
| EBIT | $57M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $134M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $49M |
| SG&A Expenses | $51M |
| Other Expenses | $27M |
| Operating Expenses | $78M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $57M |
| Interest Income | $129M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $7M |
| EBIT | $57M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$751.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $104M |
| Other Investing Activities | -$750.0K |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$293M |
| Common Stock Repurchased | -$720.0K |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $264M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $2.6B |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $204M |
| Goodwill | $307M |
| Intangible Assets | $18M |
| Long-Term Investments | $8.5B |
| Tax Assets | $77M |
| Other Non-Current Assets | $357M |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.2B |
| TOTAL CURRENT LIABILITIES | $10.4B |
| Long-Term Debt | $585M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $624M |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $10M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $585M |
| Net Debt | $273M |
