| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $562M | $573M | $673M | -1.9% | -16.5% |
| Op. Income | $32M | -$195M | $99M | 116.5% | -67.7% |
| Gross Margin | 100.0% | 100.0% | 34.3% | 0.0pp | 65.7pp |
| Net Margin | 5.4% | -32.4% | 14.3% | 37.8pp | -8.9pp |
| EPS (Diluted) | $0.38 | $-3.25 | $1.36 | 111.7% | -72.1% |
| Free Cash Flow | -$131M | -$168M | -$94M | 22.0% | -38.9% |
| Item | Amount |
|---|---|
| REVENUE | $562M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $562M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $443M |
| Operating Expenses | $564M |
| Cost & Expenses | $564M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $11M |
| EBIT | $42M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $562M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $562M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $443M |
| Operating Expenses | $564M |
| Cost & Expenses | $564M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $11M |
| EBIT | $42M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$204M |
| OPERATING CASH FLOW | -$123M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | $110M |
| NET CASH FROM INVESTING | $385M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$72M |
| FREE CASH FLOW | -$131M |
| Net Change in Cash | $192M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $82M |
| Net Receivables | $3.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $77M |
| Goodwill | $4M |
| Intangible Assets | $24M |
| Long-Term Investments | $7.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $491M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$491M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $582M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$582M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $960M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$139M |
| Other Equity | -$100.0K |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $3M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $582M |
| Net Debt | -$665M |
