| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $1.5B | -10.9% | 2.3% |
| Op. Income | $189M | $433M | $244M | -56.4% | -22.5% |
| Gross Margin | 103.1% | 100.0% | 102.7% | 3.1pp | 0.4pp |
| Net Margin | 9.2% | 9.4% | 10.0% | -0.2pp | -0.7pp |
| EPS (Diluted) | $1.60 | $1.84 | $1.71 | -13.0% | -6.4% |
| Free Cash Flow | $391M | $811M | -$76M | -51.8% | 614.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | -$48M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $189M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| 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 | -$189M |
| EBIT | $189M |
| EBITDA | $0 |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | -$48M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $189M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| 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 | -$189M |
| EBIT | $189M |
| EBITDA | $0 |
| 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 | -$606M |
| Sales/Maturities of Investments | $686M |
| Other Investing Activities | -$1.7B |
| 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 | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $0 |
| Goodwill | $199M |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $57.3B |
| TOTAL NON-CURRENT ASSETS | $59.0B |
| TOTAL ASSETS | $60.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $89M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $305M |
| Other Equity | $1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $2.2B |
| Net Debt | $534M |
