| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $1.6B | -10.5% | 2.7% |
| Op. Income | $174M | $267M | $223M | -34.8% | -22.0% |
| Gross Margin | 16.9% | 23.5% | 20.9% | -6.5pp | -4.0pp |
| Net Margin | 9.0% | 9.2% | 9.7% | -0.2pp | -0.8pp |
| EPS (Diluted) | $1.60 | $1.84 | $1.72 | -13.0% | -7.0% |
| Free Cash Flow | $391M | $811M | -$76M | -51.8% | 614.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $71M |
| EBIT | $189M |
| EBITDA | $260M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $274M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $71M |
| EBIT | $189M |
| EBITDA | $260M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $250M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $391M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.5B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | $36M |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $603M |
| NET CASH FROM FINANCING | $586M |
| FREE CASH FLOW | $391M |
| Net Change in Cash | -$679M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $0 |
| Goodwill | $199M |
| Intangible Assets | $36M |
| Long-Term Investments | $44.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.9B |
| TOTAL NON-CURRENT ASSETS | $54.1B |
| TOTAL ASSETS | $56.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48.6B |
| TOTAL NON-CURRENT LIABILITIES | $49.9B |
| TOTAL LIABILITIES | $51.7B |
| Common Stock | $89M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $305M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $56.9B |
| Total Debt | $1.3B |
| Net Debt | -$358M |
