| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $1.7B | -1.5% | 4.1% |
| Op. Income | $433M | $50M | $379M | 766.0% | 14.2% |
| Gross Margin | 100.0% | 102.5% | 100.0% | -2.5pp | 0.0pp |
| Net Margin | 9.4% | 0.6% | 22.7% | 8.8pp | -13.3pp |
| EPS (Diluted) | $1.84 | $0.12 | $4.34 | 1433.3% | -57.6% |
| Free Cash Flow | $811M | $419M | $404M | 93.6% | 100.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $4.6B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | -$433M |
| EBIT | $287M |
| EBITDA | -$455M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $4.6B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$166M |
| INCOME BEFORE TAX | $267M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $166M |
| D&A | -$433M |
| EBIT | $287M |
| EBITDA | -$455M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $166M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $247M |
| Change in Working Capital | $390M |
| OPERATING CASH FLOW | $811M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$205M |
| Other Financing Activities | $461M |
| NET CASH FROM FINANCING | $240M |
| FREE CASH FLOW | $811M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $0 |
| Goodwill | $199M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56.9B |
| TOTAL NON-CURRENT ASSETS | $58.3B |
| 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 | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $88M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $813M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $4M |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.3B |
| Net Debt | -$1.0B |
