| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $151M | $113M | -6.4% | 24.7% |
| Op. Income | $46M | $55M | $39M | -16.8% | 17.1% |
| Gross Margin | 82.0% | 84.2% | 82.7% | -2.2pp | -0.7pp |
| Net Margin | 26.5% | 29.8% | 28.7% | -3.3pp | -2.2pp |
| EPS (Diluted) | $0.68 | $0.82 | $0.64 | -17.1% | 6.3% |
| Free Cash Flow | $69M | $21M | $54M | 226.1% | 28.5% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $17M |
| Operating Expenses | $70M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $46M |
| Interest Income | $117M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $0 |
| EBIT | $46M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $53M |
| SG&A Expenses | $53M |
| Other Expenses | $17M |
| Operating Expenses | $70M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $46M |
| Interest Income | $117M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $0 |
| EBIT | $46M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$255M |
| Sales/Maturities of Investments | $227M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $69M |
| Common Stock Repurchased | -$208.0K |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $247M |
| PP&E (Net) | $178M |
| Goodwill | $0 |
| Intangible Assets | $915M |
| Long-Term Investments | $10.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $344M |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $12.6B |
| Account Payables | $0 |
| Short-Term Debt | $325M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $325M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $114M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $809M |
| Treasury Stock | -$252.0K |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
