| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $204M | $258M | $169M | -20.9% | 20.7% |
| Op. Income | $144M | $185M | $114M | -22.2% | 26.3% |
| Gross Margin | 76.5% | 81.4% | 77.5% | -4.9pp | -1.0pp |
| Net Margin | 68.1% | 69.0% | 65.1% | -0.9pp | 3.0pp |
| EPS (Diluted) | $0.33 | $0.42 | $0.35 | -21.4% | -5.7% |
| Free Cash Flow | $128M | $122M | $188M | 4.9% | -31.9% |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$2M |
| Operating Expenses | $12M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $144M |
| Interest Income | $238M |
| Interest Expense | $48M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $0 |
| EBIT | $144M |
| EBITDA | $144M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$2M |
| Operating Expenses | $12M |
| Cost & Expenses | $60M |
| OPERATING INCOME | $144M |
| Interest Income | $238M |
| Interest Expense | $48M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $0 |
| EBIT | $144M |
| EBITDA | $144M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$57M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.8B |
| Sales/Maturities of Investments | $5.8B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | -$196M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$162M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$367M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | -$195M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $0 |
| Net Receivables | $139M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $446M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$11.5B |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $243M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$373M |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | -$78M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$100M |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $4.6B |
| Net Debt | $4.3B |
