| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $2.1B | -9.1% | -26.8% |
| Op. Income | $215M | $55M | $338M | 293.2% | -36.3% |
| Gross Margin | 55.6% | 53.7% | 57.6% | 1.9pp | -2.0pp |
| Net Margin | 9.5% | 1.9% | 10.6% | 7.6pp | -1.2pp |
| EPS (Diluted) | $2.53 | $0.54 | $3.34 | 368.5% | -24.3% |
| Free Cash Flow | $9M | $159M | -$362M | -94.1% | 102.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $673M |
| GROSS PROFIT | $842M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $627M |
| Operating Expenses | $627M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $0 |
| EBIT | $228M |
| EBITDA | $228M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $673M |
| GROSS PROFIT | $842M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $627M |
| Operating Expenses | $627M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $215M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $0 |
| EBIT | $228M |
| EBITDA | $228M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$190M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$127M |
| Purchases of Investments | -$931M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$105M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $875M |
| Short-Term Investments | $9.7B |
| Net Receivables | $10.1B |
| Inventory | $0 |
| Other Current Assets | -$20.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $349M |
| Goodwill | $895M |
| Intangible Assets | $360M |
| Long-Term Investments | $10.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $29.6B |
| Account Payables | $3.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.6B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $194M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $25.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$4.6B |
| Accum. Other Comp. Income | $148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $29.6B |
| Total Debt | $1.1B |
| Net Debt | $193M |
