| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $170M | $163M | 1.3% | 6.1% |
| Op. Income | $64M | $66M | $61M | -3.2% | 5.4% |
| Gross Margin | 90.1% | 90.3% | 91.9% | -0.3pp | -1.8pp |
| Net Margin | 24.9% | 27.0% | 26.8% | -2.0pp | -1.9pp |
| EPS (Diluted) | $1.01 | $1.08 | $1.02 | -6.5% | -1.0% |
| Free Cash Flow | $20M | $40M | $117M | -50.0% | -83.1% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $54M |
| SG&A Expenses | $56M |
| Other Expenses | $35M |
| Operating Expenses | $91M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $64M |
| Interest Income | $132M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $54M |
| SG&A Expenses | $56M |
| Other Expenses | $35M |
| Operating Expenses | $91M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $64M |
| Interest Income | $132M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $306.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $304M |
| Other Investing Activities | -$233M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$164M |
| NET CASH FROM FINANCING | -$196M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$314M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $2.2B |
| Net Receivables | $280M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $131M |
| Goodwill | $32M |
| Intangible Assets | $25M |
| Long-Term Investments | $13.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $472M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $7M |
| Short-Term Debt | $505M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.9B |
| TOTAL CURRENT LIABILITIES | $15.4B |
| Long-Term Debt | $250M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $200M |
| TOTAL NON-CURRENT LIABILITIES | $461M |
| TOTAL LIABILITIES | $15.9B |
| Common Stock | $576.0K |
| Additional Paid-In Capital | $561M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$807M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $766M |
| Net Debt | $500M |
