| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $186M | $169M | -0.5% | 9.4% |
| Op. Income | $65M | $65M | $67M | 0.3% | -3.0% |
| Gross Margin | 74.4% | 73.1% | 80.9% | 1.4pp | -6.4pp |
| Net Margin | 28.3% | 28.9% | 30.4% | -0.6pp | -2.1pp |
| EPS (Diluted) | $0.66 | $0.67 | $0.62 | -1.5% | 6.5% |
| Free Cash Flow | $61M | $55M | $46M | 9.8% | 32.2% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $37M |
| Operating Expenses | $73M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $65M |
| Interest Income | $169M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $10M |
| EBIT | $65M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $37M |
| Operating Expenses | $73M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $65M |
| Interest Income | $169M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $10M |
| EBIT | $65M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $58M |
| NET CASH FROM INVESTING | $141M |
| Net Debt Issuance | -$255M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $215M |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $419M |
| Short-Term Investments | $1.5B |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $274M |
| Goodwill | $301M |
| Intangible Assets | $8M |
| Long-Term Investments | $13.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $564M |
| TOTAL NON-CURRENT ASSETS | $14.5B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.0B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $14.4B |
| Common Stock | $136M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $2.3B |
| Net Debt | $1.8B |
