| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $160M | $153M | 3.5% | 8.0% |
| Op. Income | $62M | $57M | $57M | 8.9% | 9.8% |
| Gross Margin | 85.2% | 84.6% | 88.0% | 0.7pp | -2.7pp |
| Net Margin | 29.3% | 27.6% | 28.6% | 1.6pp | 0.7pp |
| EPS (Diluted) | $0.60 | $0.55 | $0.54 | 9.1% | 11.1% |
| Free Cash Flow | $45M | $11M | $79M | 321.9% | -43.6% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $51M |
| SG&A Expenses | $52M |
| Other Expenses | $26M |
| Operating Expenses | $78M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $62M |
| Interest Income | $141M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $5M |
| EBIT | $62M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $51M |
| SG&A Expenses | $52M |
| Other Expenses | $26M |
| Operating Expenses | $78M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $62M |
| Interest Income | $141M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $5M |
| EBIT | $62M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $110M |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | -$168M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $166M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $361M |
| Short-Term Investments | $2.3B |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $215M |
| Goodwill | $327M |
| Intangible Assets | $16M |
| Long-Term Investments | $9.2B |
| Tax Assets | $35M |
| Other Non-Current Assets | $368M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.8B |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $280M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $296M |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $11M |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $280M |
| Net Debt | -$81M |
