| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $350M | $315M | $287M | 11.0% | 22.0% |
| Op. Income | $87M | $90M | $77M | -2.9% | 12.8% |
| Gross Margin | 85.2% | 86.2% | 87.6% | -1.0pp | -2.4pp |
| Net Margin | 19.9% | 15.9% | 19.6% | 4.0pp | 0.2pp |
| EPS (Diluted) | $0.40 | $0.31 | $0.35 | 29.0% | 14.3% |
| Free Cash Flow | $33M | $128M | $148M | -74.0% | -77.6% |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $298M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $126M |
| SG&A Expenses | $133M |
| Other Expenses | $78M |
| Operating Expenses | $211M |
| Cost & Expenses | $262M |
| OPERATING INCOME | $87M |
| Interest Income | $262M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | -$320.0K |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $18M |
| EBIT | $87M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $298M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $126M |
| SG&A Expenses | $133M |
| Other Expenses | $78M |
| Operating Expenses | $211M |
| Cost & Expenses | $262M |
| OPERATING INCOME | $87M |
| Interest Income | $262M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | -$320.0K |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $18M |
| EBIT | $87M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $60M |
| Purchases of Investments | -$862M |
| Sales/Maturities of Investments | $670M |
| Other Investing Activities | -$208M |
| NET CASH FROM INVESTING | -$350M |
| Net Debt Issuance | $875M |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$801M |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$283M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $423M |
| Short-Term Investments | $4.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $381M |
| Goodwill | $1.2B |
| Intangible Assets | $146M |
| Long-Term Investments | $25.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $28.5B |
| TOTAL ASSETS | $33.4B |
| Account Payables | $0 |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.9B |
| TOTAL CURRENT LIABILITIES | $26.4B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$2.0K |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $29.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$108M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $33.4B |
| Total Debt | $5.4B |
| Net Debt | $5.0B |
