| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $428M | $349M | $300M | 22.5% | 42.8% |
| Op. Income | $171M | $95M | $55M | 79.2% | 209.2% |
| Gross Margin | 74.4% | 71.3% | 76.4% | 3.1pp | -2.0pp |
| Net Margin | 26.5% | 22.1% | 14.0% | 4.4pp | 12.5pp |
| EPS (Diluted) | $0.33 | $0.22 | $0.12 | 50.0% | 175.0% |
| Free Cash Flow | $93M | $98M | $86M | -5.1% | 8.6% |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $89M |
| SG&A Expenses | $89M |
| Other Expenses | $59M |
| Operating Expenses | $148M |
| Cost & Expenses | $257M |
| OPERATING INCOME | $171M |
| Interest Income | $320M |
| Interest Expense | $102M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $17M |
| EBIT | $171M |
| EBITDA | $188M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $89M |
| SG&A Expenses | $89M |
| Other Expenses | $59M |
| Operating Expenses | $148M |
| Cost & Expenses | $257M |
| OPERATING INCOME | $171M |
| Interest Income | $320M |
| Interest Expense | $102M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $17M |
| EBIT | $171M |
| EBITDA | $188M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$60M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $114M |
| Other Investing Activities | -$295M |
| NET CASH FROM INVESTING | -$259M |
| Net Debt Issuance | -$211M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $454M |
| NET CASH FROM FINANCING | $204M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $467M |
| Short-Term Investments | $31M |
| Net Receivables | $101M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $602M |
| Goodwill | $1.1B |
| Intangible Assets | $74M |
| Long-Term Investments | $29.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $31.9B |
| TOTAL ASSETS | $32.5B |
| Account Payables | $0 |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.9B |
| TOTAL CURRENT LIABILITIES | $27.2B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $29.0B |
| Common Stock | $116M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $376M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $32.5B |
| Total Debt | $3.9B |
| Net Debt | $3.5B |
