| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $267M | $240M | 9.0% | 21.2% |
| Op. Income | $140M | $119M | $124M | 18.0% | 12.6% |
| Gross Margin | 84.7% | 86.1% | 90.7% | -1.3pp | -5.9pp |
| Net Margin | 40.9% | 41.6% | 37.2% | -0.7pp | 3.7pp |
| EPS (Diluted) | $1.13 | $1.05 | $0.85 | 7.6% | 32.9% |
| Free Cash Flow | $142M | $142M | $112M | -0.5% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $65M |
| SG&A Expenses | $66M |
| Other Expenses | $41M |
| Operating Expenses | $107M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $140M |
| Interest Income | $282M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $4M |
| EBIT | $140M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $247M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $65M |
| SG&A Expenses | $66M |
| Other Expenses | $41M |
| Operating Expenses | $107M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $140M |
| Interest Income | $282M |
| Interest Expense | $38M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $4M |
| EBIT | $140M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$602.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$56.0K |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$292M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $492M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $232M |
| NET CASH FROM FINANCING | $725M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | -$202M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $499M |
| Short-Term Investments | $3.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $119M |
| Goodwill | $290M |
| Intangible Assets | $9M |
| Long-Term Investments | $18.7B |
| Tax Assets | $32M |
| Other Non-Current Assets | $168M |
| TOTAL NON-CURRENT ASSETS | $19.3B |
| TOTAL ASSETS | $23.1B |
| Account Payables | $0 |
| Short-Term Debt | $513M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.2B |
| TOTAL CURRENT LIABILITIES | $19.7B |
| Long-Term Debt | $360M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $444M |
| TOTAL NON-CURRENT LIABILITIES | $805M |
| TOTAL LIABILITIES | $20.5B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $23.1B |
| Total Debt | $874M |
| Net Debt | $375M |
