| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $721M | $700M | $579M | 2.9% | 24.5% |
| Op. Income | $181M | $219M | $178M | -17.5% | 1.6% |
| Gross Margin | 57.7% | 64.8% | 68.7% | -7.1pp | -11.0pp |
| Net Margin | 20.0% | 26.1% | 26.0% | -6.1pp | -6.0pp |
| EPS (Diluted) | $0.29 | $0.36 | $0.29 | -20.6% | -1.6% |
| Free Cash Flow | -$413M | -$251M | $178M | -64.6% | -332.3% |
| Item | Amount |
|---|---|
| REVENUE | $721M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $221M |
| SG&A Expenses | $221M |
| Other Expenses | $14M |
| Operating Expenses | $235M |
| Cost & Expenses | $540M |
| OPERATING INCOME | $181M |
| Interest Income | $572M |
| Interest Expense | $197M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $11M |
| EBIT | $181M |
| EBITDA | $192M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $721M |
| Cost of Revenue | $305M |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $221M |
| SG&A Expenses | $221M |
| Other Expenses | $14M |
| Operating Expenses | $235M |
| Cost & Expenses | $540M |
| OPERATING INCOME | $181M |
| Interest Income | $572M |
| Interest Expense | $197M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $11M |
| EBIT | $181M |
| EBITDA | $192M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $119M |
| Change in Working Capital | -$660M |
| OPERATING CASH FLOW | -$395M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33.8K |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $80M |
| Net Debt Issuance | $241M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $257M |
| FREE CASH FLOW | -$413M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.5B |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $244M |
| Goodwill | $0 |
| Intangible Assets | $54M |
| Long-Term Investments | $32.7B |
| Tax Assets | $301M |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $36.0B |
| TOTAL ASSETS | $39.5B |
| Account Payables | $222M |
| Short-Term Debt | $510M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.6B |
| TOTAL CURRENT LIABILITIES | $23.3B |
| Long-Term Debt | $9.5B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $12.6B |
| TOTAL LIABILITIES | $35.9B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $507M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $398M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $1.1K |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $39.5B |
| Total Debt | $10.0B |
| Net Debt | $8.1B |
