| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $300M | $328M | — | -8.3% | — |
| Op. Income | $33M | $28M | — | 17.0% | — |
| Gross Margin | 92.4% | 92.7% | — | -0.3pp | — |
| Net Margin | 11.1% | 6.9% | — | 4.2pp | — |
| EPS (Diluted) | $0.36 | $0.24 | — | 47.6% | — |
| Free Cash Flow | $118M | -$48M | — | 343.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $170M |
| General & Administrative | $25M |
| SG&A Expenses | $194M |
| Other Expenses | $50M |
| Operating Expenses | $244M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $33M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $0 |
| EBIT | $33M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $170M |
| General & Administrative | $25M |
| SG&A Expenses | $194M |
| Other Expenses | $50M |
| Operating Expenses | $244M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $33M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $0 |
| EBIT | $33M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $79M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$123M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $62M |
| Net Receivables | $339M |
| Inventory | $0 |
| Other Current Assets | -$175M |
| TOTAL CURRENT ASSETS | $799M |
| PP&E (Net) | $87M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22M |
| Tax Assets | $22M |
| Other Non-Current Assets | $588M |
| TOTAL NON-CURRENT ASSETS | $719M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $56M |
| Other Current Liabilities | -$344M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $56M |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $841M |
| TOTAL NON-CURRENT LIABILITIES | $983M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $17.7K |
| Additional Paid-In Capital | $566M |
| Retained Earnings | -$137M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $427M |
| Minority Interest | $0 |
| TOTAL EQUITY | $427M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $47M |
| Net Debt | -$338M |
