| Metric | Q1 2014 | Q4 2013 | Q1 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $627M | $626M | $565M | 0.3% | 11.1% |
| Op. Income | $127M | $88M | $92M | 44.9% | 38.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 19.2% | 14.4% | 16.3% | 4.8pp | 2.9pp |
| EPS (Diluted) | $1.66 | $1.21 | $1.15 | 37.2% | 44.3% |
| Free Cash Flow | $215M | $126M | $104M | 70.5% | 107.1% |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $627M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $96M |
| SG&A Expenses | $96M |
| Other Expenses | $536M |
| Operating Expenses | $631M |
| Cost & Expenses | $631M |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $1M |
| EBIT | $132M |
| EBITDA | $133M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $627M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $627M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $96M |
| SG&A Expenses | $96M |
| Other Expenses | $536M |
| Operating Expenses | $631M |
| Cost & Expenses | $631M |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $1M |
| EBIT | $132M |
| EBITDA | $133M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $212M |
| Capital Expenditure | $3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$855M |
| Sales/Maturities of Investments | $827M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $216M |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $62M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $7.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $155M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$172M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $549M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$549M |
| TOTAL NON-CURRENT LIABILITIES | $549M |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | -$200.0K |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $549M |
| Net Debt | -$895M |
