| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $322M | $311M | $258M | 3.5% | 24.8% |
| Op. Income | $260M | $247M | $185M | 5.3% | 40.5% |
| Gross Margin | 83.9% | 83.6% | 81.4% | 0.2pp | 2.5pp |
| Net Margin | 78.9% | 77.8% | 69.0% | 1.1pp | 9.9pp |
| EPS (Diluted) | $0.60 | $0.57 | $0.42 | 5.3% | 42.9% |
| Free Cash Flow | $161M | $100M | $122M | 61.0% | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $270M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$1M |
| Operating Expenses | $10M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $260M |
| Interest Income | $262M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $0 |
| EBIT | $260M |
| EBITDA | $260M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $270M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$1M |
| Operating Expenses | $10M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $260M |
| Interest Income | $262M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $260M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $254M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $254M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $254M |
| D&A | $0 |
| EBIT | $260M |
| EBITDA | $260M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $254M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$113M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $788M |
| Net Debt Issuance | -$580M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$162M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$742M |
| FREE CASH FLOW | $161M |
| Net Change in Cash | $207M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $509M |
| Short-Term Investments | $0 |
| Net Receivables | $145M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $666M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $293M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$485M |
| TOTAL CURRENT LIABILITIES | $485M |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | -$99M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $177M |
| TOTAL STOCKHOLDERS' EQUITY | $7.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.3B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $4.5B |
| Net Debt | $4.0B |
