| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $355M | $354M | $315M | 0.4% | 12.8% |
| Op. Income | $126M | $126M | $100M | 0.3% | 25.5% |
| Gross Margin | 85.0% | 84.9% | 86.4% | 0.1pp | -1.4pp |
| Net Margin | 28.1% | 28.0% | 25.5% | 0.2pp | 2.6pp |
| EPS (Diluted) | $1.06 | $1.05 | $0.85 | 1.0% | 24.7% |
| Free Cash Flow | $37M | -$34M | $126M | 208.5% | -70.5% |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $102M |
| SG&A Expenses | $106M |
| Other Expenses | $70M |
| Operating Expenses | $176M |
| Cost & Expenses | $229M |
| OPERATING INCOME | $126M |
| Interest Income | $286M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | -$218.0K |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $10M |
| EBIT | $126M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $102M |
| SG&A Expenses | $106M |
| Other Expenses | $70M |
| Operating Expenses | $176M |
| Cost & Expenses | $229M |
| OPERATING INCOME | $126M |
| Interest Income | $286M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | -$218.0K |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $10M |
| EBIT | $126M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$397M |
| Sales/Maturities of Investments | $191M |
| Other Investing Activities | -$307M |
| NET CASH FROM INVESTING | -$520M |
| Net Debt Issuance | -$575M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $994M |
| NET CASH FROM FINANCING | $367M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $35M |
| Net Receivables | $485M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $656M |
| PP&E (Net) | $280M |
| Goodwill | $538M |
| Intangible Assets | $25M |
| Long-Term Investments | $25.6B |
| Tax Assets | $77M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $27.6B |
| TOTAL ASSETS | $28.2B |
| Account Payables | $0 |
| Short-Term Debt | $688M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.8B |
| TOTAL CURRENT LIABILITIES | $23.8B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$182M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $25.3B |
| Common Stock | $937.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | -$102M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $28.2B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
