| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $175M | $168M | 0.5% | 4.8% |
| Op. Income | $68M | $64M | $65M | 4.7% | 3.7% |
| Gross Margin | 89.4% | 90.1% | 90.7% | -0.7pp | -1.3pp |
| Net Margin | 31.1% | 30.9% | 26.6% | 0.2pp | 4.5pp |
| EPS (Diluted) | $1.30 | $1.28 | $1.05 | 1.6% | 23.8% |
| Free Cash Flow | $45M | $65M | $48M | -31.7% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $54M |
| SG&A Expenses | $56M |
| Other Expenses | $34M |
| Operating Expenses | $90M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $68M |
| Interest Income | $136M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $3M |
| EBIT | $68M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $54M |
| SG&A Expenses | $56M |
| Other Expenses | $34M |
| Operating Expenses | $90M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $68M |
| Interest Income | $136M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $3M |
| EBIT | $68M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $55M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $350M |
| Other Investing Activities | -$140M |
| NET CASH FROM INVESTING | $121M |
| Net Debt Issuance | -$770.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$25M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $316M |
| Short-Term Investments | $2.1B |
| Net Receivables | $268M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $143M |
| Goodwill | $32M |
| Intangible Assets | $25M |
| Long-Term Investments | $13.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $678M |
| TOTAL NON-CURRENT ASSETS | $14.4B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $7M |
| Short-Term Debt | $505M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.9B |
| TOTAL CURRENT LIABILITIES | $15.5B |
| Long-Term Debt | $225M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $185M |
| TOTAL NON-CURRENT LIABILITIES | $421M |
| TOTAL LIABILITIES | $15.9B |
| Common Stock | $577.0K |
| Additional Paid-In Capital | $566M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$847M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $740M |
| Net Debt | $424M |
