| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $700M | $668M | $760M | 4.9% | -7.9% |
| Op. Income | $219M | $192M | $214M | 14.0% | 2.4% |
| Gross Margin | 64.8% | 62.2% | 57.1% | 2.7pp | 7.7pp |
| Net Margin | 26.1% | 24.0% | 23.7% | 2.1pp | 2.5pp |
| EPS (Diluted) | $0.36 | $0.32 | $0.35 | 13.5% | 1.9% |
| Free Cash Flow | -$251M | $111M | $325M | -326.0% | -177.1% |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $454M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $208M |
| SG&A Expenses | $208M |
| Other Expenses | $27M |
| Operating Expenses | $235M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $219M |
| Interest Income | $558M |
| Interest Expense | $186M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $10M |
| EBIT | $219M |
| EBITDA | $230M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $700M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $454M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $208M |
| SG&A Expenses | $208M |
| Other Expenses | $27M |
| Operating Expenses | $235M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $219M |
| Interest Income | $558M |
| Interest Expense | $186M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $10M |
| EBIT | $219M |
| EBITDA | $230M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $62M |
| Change in Working Capital | -$497M |
| OPERATING CASH FLOW | -$234M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$20M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $178M |
| NET CASH FROM FINANCING | $134M |
| FREE CASH FLOW | -$251M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.6B |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $239M |
| Goodwill | $0 |
| Intangible Assets | $51M |
| Long-Term Investments | $32.3B |
| Tax Assets | $293M |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $35.2B |
| TOTAL ASSETS | $38.7B |
| Account Payables | $0 |
| Short-Term Debt | $343M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.3B |
| TOTAL CURRENT LIABILITIES | $22.6B |
| Long-Term Debt | $9.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.3B |
| TOTAL NON-CURRENT LIABILITIES | $12.5B |
| TOTAL LIABILITIES | $35.1B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $362M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $1.1K |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $38.7B |
| Total Debt | $9.5B |
| Net Debt | $7.7B |
