| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | $215M | $96M | 1.7% | 127.7% |
| Op. Income | $64M | $56M | $26M | 15.5% | 149.2% |
| Gross Margin | 48.9% | 47.5% | 42.7% | 1.4pp | 6.2pp |
| Net Margin | 17.2% | 12.1% | 14.5% | 5.1pp | 2.7pp |
| EPS (Diluted) | $0.51 | $0.35 | $0.19 | 45.7% | 168.4% |
| Free Cash Flow | $57M | $116M | $34M | -50.7% | 70.6% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $28M |
| Operating Expenses | $43M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $64M |
| Interest Income | $2M |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $6M |
| EBIT | $62M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $28M |
| Operating Expenses | $43M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $64M |
| Interest Income | $2M |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $6M |
| EBIT | $62M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $461.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$85M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $771.0K |
| Net Receivables | $95M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $13M |
| Goodwill | $405M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $271.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $208M |
| Long-Term Debt | $925M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $720.0K |
| Additional Paid-In Capital | $625M |
| Retained Earnings | -$35M |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $538M |
| Minority Interest | $0 |
| TOTAL EQUITY | $538M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $925M |
| Net Debt | $887M |
