| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $349M | $326M | $248M | 7.1% | 40.8% |
| Op. Income | $95M | $88M | $61M | 8.6% | 55.9% |
| Gross Margin | 71.3% | 73.4% | 79.6% | -2.1pp | -8.3pp |
| Net Margin | 22.1% | 21.3% | 10.5% | 0.7pp | 11.6pp |
| EPS (Diluted) | $0.22 | $0.20 | $0.09 | 10.0% | 144.4% |
| Free Cash Flow | $98M | $411M | $189M | -76.1% | -48.1% |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $88M |
| SG&A Expenses | $88M |
| Other Expenses | $66M |
| Operating Expenses | $154M |
| Cost & Expenses | $254M |
| OPERATING INCOME | $95M |
| Interest Income | $315M |
| Interest Expense | $93M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $12M |
| EBIT | $95M |
| EBITDA | $107M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $249M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $88M |
| SG&A Expenses | $88M |
| Other Expenses | $66M |
| Operating Expenses | $154M |
| Cost & Expenses | $254M |
| OPERATING INCOME | $95M |
| Interest Income | $315M |
| Interest Expense | $93M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $12M |
| EBIT | $95M |
| EBITDA | $107M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7.0K |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | -$940M |
| NET CASH FROM INVESTING | -$922M |
| Net Debt Issuance | -$925M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $1.9B |
| NET CASH FROM FINANCING | $896M |
| FREE CASH FLOW | $98M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $429M |
| Short-Term Investments | $1.7B |
| Net Receivables | $95M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $342M |
| Goodwill | $1.1B |
| Intangible Assets | $77M |
| Long-Term Investments | $27.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $29.6B |
| TOTAL ASSETS | $31.9B |
| Account Payables | $0 |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.5B |
| TOTAL CURRENT LIABILITIES | $26.8B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $28.5B |
| Common Stock | $116M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $300M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $31.9B |
| Total Debt | $3.8B |
| Net Debt | $3.4B |
