| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $328M | $329M | $291M | -0.4% | 12.5% |
| Op. Income | $154M | $156M | $140M | -1.0% | 10.2% |
| Gross Margin | 85.5% | 83.9% | 84.7% | 1.6pp | 0.8pp |
| Net Margin | 39.1% | 38.7% | 40.9% | 0.4pp | -1.8pp |
| EPS (Diluted) | $1.25 | $1.24 | $1.13 | 0.8% | 10.6% |
| Free Cash Flow | $163M | $198M | $142M | -17.5% | 15.3% |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $280M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $74M |
| SG&A Expenses | $76M |
| Other Expenses | $51M |
| Operating Expenses | $126M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $154M |
| Interest Income | $315M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $8M |
| EBIT | $154M |
| EBITDA | $162M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $280M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $74M |
| SG&A Expenses | $76M |
| Other Expenses | $51M |
| Operating Expenses | $126M |
| Cost & Expenses | $174M |
| OPERATING INCOME | $154M |
| Interest Income | $315M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $8M |
| EBIT | $154M |
| EBITDA | $162M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $92M |
| Purchases of Investments | -$368M |
| Sales/Maturities of Investments | $331M |
| Other Investing Activities | -$983M |
| NET CASH FROM INVESTING | -$948M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $356M |
| NET CASH FROM FINANCING | $327M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | -$437M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $435M |
| Short-Term Investments | $3.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $198M |
| Goodwill | $290M |
| Intangible Assets | $8M |
| Long-Term Investments | $22.4B |
| Tax Assets | $18M |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $23.0B |
| TOTAL ASSETS | $26.8B |
| Account Payables | $0 |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.8B |
| TOTAL CURRENT LIABILITIES | $22.8B |
| Long-Term Debt | $394M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $520M |
| TOTAL NON-CURRENT LIABILITIES | $992M |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $26.8B |
| Total Debt | $488M |
| Net Debt | $54M |
