| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.5B | -2.2% | 7.0% |
| Op. Income | $137M | $158M | $215M | -13.8% | -36.5% |
| Gross Margin | 53.0% | 54.1% | 55.6% | -1.1pp | -2.6pp |
| Net Margin | 6.5% | 18.9% | 9.5% | -12.3pp | -3.0pp |
| EPS (Diluted) | $1.96 | $5.76 | $2.53 | -66.0% | -22.5% |
| Free Cash Flow | -$92M | $145M | $9M | -163.5% | -1080.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $761M |
| GROSS PROFIT | $859M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $723M |
| Operating Expenses | $723M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $137M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $30M |
| EBIT | $158M |
| EBITDA | $188M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $761M |
| GROSS PROFIT | $859M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $723M |
| Operating Expenses | $723M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $137M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $30M |
| EBIT | $158M |
| EBITDA | $188M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$2.1B |
| Change in Working Capital | $1.9B |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | -$966M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $79M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $9.4B |
| Net Receivables | $10.6B |
| Inventory | $0 |
| Other Current Assets | -$22.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $355M |
| Goodwill | $923M |
| Intangible Assets | $298M |
| Long-Term Investments | $10.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$12.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $32.4B |
| Account Payables | $3.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.7B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $110M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $27.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | $52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $11M |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $32.4B |
| Total Debt | $2.0B |
| Net Debt | -$338M |
