| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $300M | $295M | 5.9% | 7.8% |
| Op. Income | $94M | $78M | $77M | 20.1% | 20.8% |
| Gross Margin | 85.3% | 84.7% | 85.8% | 0.5pp | -0.5pp |
| Net Margin | 20.5% | 19.3% | 18.3% | 1.1pp | 2.2pp |
| EPS (Diluted) | $0.41 | $0.36 | $0.34 | 13.9% | 20.6% |
| Free Cash Flow | -$17M | $152M | $302M | -111.0% | -105.6% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $116M |
| SG&A Expenses | $124M |
| Other Expenses | $54M |
| Operating Expenses | $177M |
| Cost & Expenses | $224M |
| OPERATING INCOME | $94M |
| Interest Income | $232M |
| Interest Expense | $42M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $24M |
| EBIT | $94M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $271M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $116M |
| SG&A Expenses | $124M |
| Other Expenses | $54M |
| Operating Expenses | $177M |
| Cost & Expenses | $224M |
| OPERATING INCOME | $94M |
| Interest Income | $232M |
| Interest Expense | $42M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $94M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $24M |
| EBIT | $94M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$339M |
| Sales/Maturities of Investments | $233M |
| Other Investing Activities | -$158M |
| NET CASH FROM INVESTING | -$277M |
| Net Debt Issuance | -$453M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $715M |
| NET CASH FROM FINANCING | $206M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $464M |
| Short-Term Investments | $3.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $330M |
| Goodwill | $972M |
| Intangible Assets | $72M |
| Long-Term Investments | $23.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $25.8B |
| TOTAL ASSETS | $30.1B |
| Account Payables | $0 |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.4B |
| TOTAL CURRENT LIABILITIES | $23.7B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $26.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.8B |
| Treasury Stock | -$138M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $30.1B |
| Total Debt | $4.2B |
| Net Debt | $3.7B |
