| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $184M | $117M | 10.0% | 72.8% |
| Op. Income | $69M | $46M | $49M | 50.9% | 42.3% |
| Gross Margin | 87.9% | 82.7% | 86.3% | 5.2pp | 1.6pp |
| Net Margin | 26.6% | 19.6% | 33.2% | 6.9pp | -6.6pp |
| EPS (Diluted) | $1.02 | $0.68 | $1.20 | 50.0% | -15.0% |
| Free Cash Flow | -$23M | $68M | $46M | -133.5% | -148.8% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $53M |
| SG&A Expenses | $54M |
| Other Expenses | $55M |
| Operating Expenses | $109M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $69M |
| Interest Income | $141M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $13M |
| EBIT | $69M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $53M |
| SG&A Expenses | $54M |
| Other Expenses | $55M |
| Operating Expenses | $109M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $69M |
| Interest Income | $141M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $13M |
| EBIT | $69M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $759.0K |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$94M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$180M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $140M |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | $250M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$172M |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $580M |
| Short-Term Investments | $1.9B |
| Net Receivables | $208M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $105M |
| Goodwill | $473M |
| Intangible Assets | $99M |
| Long-Term Investments | $8.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $315M |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.5B |
| TOTAL CURRENT LIABILITIES | $9.5B |
| Long-Term Debt | $555M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $319M |
| TOTAL NON-CURRENT LIABILITIES | $874M |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $575.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $878M |
| Treasury Stock | -$101M |
| Accum. Other Comp. Income | $32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | -$535.0K |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $555M |
| Net Debt | -$26M |
