| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $126M | $126M | 6.4% | 7.1% |
| Op. Income | $42M | $37M | $38M | 12.5% | 8.9% |
| Gross Margin | 93.0% | 94.1% | 94.6% | -1.1pp | -1.6pp |
| Net Margin | 24.1% | 22.8% | 20.2% | 1.3pp | 3.8pp |
| EPS (Diluted) | $1.00 | $0.89 | $0.77 | 12.4% | 29.9% |
| Free Cash Flow | $104M | -$80M | $55M | 230.4% | 89.1% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $125M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $53M |
| SG&A Expenses | $55M |
| Other Expenses | $29M |
| Operating Expenses | $84M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $42M |
| Interest Income | $112M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $5M |
| EBIT | $42M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $125M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $53M |
| SG&A Expenses | $55M |
| Other Expenses | $29M |
| Operating Expenses | $84M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $42M |
| Interest Income | $112M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $5M |
| EBIT | $42M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | -$142M |
| NET CASH FROM INVESTING | -$152M |
| Net Debt Issuance | $58M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $50M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $1.4B |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $153M |
| Goodwill | $243M |
| Intangible Assets | $20M |
| Long-Term Investments | $7.9B |
| Tax Assets | $78M |
| Other Non-Current Assets | $269M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.5B |
| TOTAL CURRENT LIABILITIES | $8.6B |
| Long-Term Debt | $464M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $505M |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $464M |
| Net Debt | $215M |
