| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $364M | $368M | $341M | -1.1% | 6.9% |
| Op. Income | $119M | $125M | $113M | -4.7% | 5.2% |
| Gross Margin | 82.2% | 83.1% | 85.8% | -0.9pp | -3.6pp |
| Net Margin | 25.8% | 26.8% | 29.3% | -1.0pp | -3.5pp |
| EPS (Diluted) | $1.00 | $1.05 | $1.06 | -4.8% | -5.7% |
| Free Cash Flow | $28M | $48M | $230M | -41.5% | -87.8% |
| Item | Amount |
|---|---|
| REVENUE | $364M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $103M |
| SG&A Expenses | $108M |
| Other Expenses | $72M |
| Operating Expenses | $180M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $119M |
| Interest Income | $294M |
| Interest Expense | $54M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | -$455.0K |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $9M |
| EBIT | $119M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $364M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $299M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $103M |
| SG&A Expenses | $108M |
| Other Expenses | $72M |
| Operating Expenses | $180M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $119M |
| Interest Income | $294M |
| Interest Expense | $54M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | -$455.0K |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $9M |
| EBIT | $119M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$819M |
| Sales/Maturities of Investments | $301M |
| Other Investing Activities | -$289M |
| NET CASH FROM INVESTING | -$813M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | -$44.0K |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $937M |
| NET CASH FROM FINANCING | $864M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $21M |
| Net Receivables | $513M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $744M |
| PP&E (Net) | $279M |
| Goodwill | $538M |
| Intangible Assets | $23M |
| Long-Term Investments | $27.2B |
| Tax Assets | $60M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $29.2B |
| TOTAL ASSETS | $29.9B |
| Account Payables | $0 |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.3B |
| TOTAL CURRENT LIABILITIES | $24.8B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$183M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $26.7B |
| Common Stock | $937.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.0B |
| Treasury Stock | -$82M |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $29.9B |
| Total Debt | $3.3B |
| Net Debt | $3.1B |
