| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $124M | $120M | -3.9% | -0.4% |
| Op. Income | $41M | $36M | $35M | 15.2% | 19.3% |
| Gross Margin | 94.0% | 94.3% | 95.1% | -0.4pp | -1.1pp |
| Net Margin | -11.4% | 20.2% | 19.0% | -31.6pp | -30.4pp |
| EPS (Diluted) | $-0.41 | $0.76 | $0.69 | -153.9% | -159.4% |
| Free Cash Flow | $66M | $33M | -$98M | 102.6% | 167.0% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $49M |
| SG&A Expenses | $53M |
| Other Expenses | $18M |
| Operating Expenses | $71M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $41M |
| Interest Income | $103M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $6M |
| EBIT | $41M |
| EBITDA | $47M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $42M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$133M |
| Sales/Maturities of Investments | $544M |
| Other Investing Activities | $48M |
| NET CASH FROM INVESTING | $454M |
| Net Debt Issuance | -$271M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$197M |
| NET CASH FROM FINANCING | -$506M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $261M |
| Short-Term Investments | $919M |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $155M |
| Goodwill | $243M |
| Intangible Assets | $23M |
| Long-Term Investments | $7.8B |
| Tax Assets | $71M |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $0 |
| Short-Term Debt | $96M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.2B |
| TOTAL CURRENT LIABILITIES | $8.4B |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $91M |
| 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 | $9.8B |
| Total Debt | $195M |
| Net Debt | -$66M |
