| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $354M | $341M | $302M | 3.8% | 17.0% |
| Op. Income | $126M | $113M | $87M | 10.7% | 44.4% |
| Gross Margin | 84.9% | 85.8% | 85.4% | -0.8pp | -0.4pp |
| Net Margin | 28.0% | 29.3% | 23.1% | -1.3pp | 4.8pp |
| EPS (Diluted) | $1.05 | $1.06 | $0.73 | -0.9% | 43.8% |
| Free Cash Flow | -$34M | $230M | $136M | -115.0% | -125.3% |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $102M |
| SG&A Expenses | $106M |
| Other Expenses | $69M |
| Operating Expenses | $175M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $126M |
| Interest Income | $280M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $862.0K |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $10M |
| EBIT | $126M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $300M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $102M |
| SG&A Expenses | $106M |
| Other Expenses | $69M |
| Operating Expenses | $175M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $126M |
| Interest Income | $280M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $862.0K |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $10M |
| EBIT | $126M |
| EBITDA | $135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$161M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$224M |
| Sales/Maturities of Investments | $202M |
| Other Investing Activities | -$253M |
| NET CASH FROM INVESTING | -$281M |
| Net Debt Issuance | $385M |
| Common Stock Repurchased | $14M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $346M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $329M |
| Short-Term Investments | $2.9B |
| Net Receivables | $499M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $125M |
| Goodwill | $538M |
| Intangible Assets | $26M |
| Long-Term Investments | $22.1B |
| Tax Assets | $97M |
| Other Non-Current Assets | $967M |
| TOTAL NON-CURRENT ASSETS | $23.9B |
| TOTAL ASSETS | $27.6B |
| Account Payables | $0 |
| Short-Term Debt | $582M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.9B |
| TOTAL CURRENT LIABILITIES | $22.7B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $24.7B |
| Common Stock | $937.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$72M |
| Accum. Other Comp. Income | -$131M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $27.6B |
| Total Debt | $2.6B |
| Net Debt | $2.3B |
