| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $337M | $329M | -4.2% | -1.9% |
| Op. Income | $167M | $113M | $156M | 47.6% | 6.9% |
| Gross Margin | 89.3% | 66.8% | 83.9% | 22.4pp | 5.4pp |
| Net Margin | 42.0% | 27.7% | 38.7% | 14.4pp | 3.3pp |
| EPS (Diluted) | $1.36 | $0.93 | $1.24 | 46.2% | 9.7% |
| Free Cash Flow | $153M | $158M | $198M | -2.7% | -22.6% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $800.0K |
| General & Administrative | $79M |
| SG&A Expenses | $80M |
| Other Expenses | $42M |
| Operating Expenses | $122M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $167M |
| Interest Income | $305M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $14M |
| EBIT | $167M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $800.0K |
| General & Administrative | $79M |
| SG&A Expenses | $80M |
| Other Expenses | $42M |
| Operating Expenses | $122M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $167M |
| Interest Income | $305M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $14M |
| EBIT | $167M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.8B |
| Sales/Maturities of Investments | $405M |
| Other Investing Activities | $3.8B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $100.0K |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $1.3B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | $153M |
| Net Change in Cash | -$100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $4.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $200M |
| Goodwill | $299M |
| Intangible Assets | $0 |
| Long-Term Investments | $26.8B |
| Tax Assets | $47M |
| Other Non-Current Assets | $619M |
| TOTAL NON-CURRENT ASSETS | $27.9B |
| TOTAL ASSETS | $33.3B |
| Account Payables | $0 |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28.8B |
| TOTAL CURRENT LIABILITIES | $28.9B |
| Long-Term Debt | $619M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $541M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $30.1B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | $79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $33.3B |
| Total Debt | $727M |
| Net Debt | -$692M |
