| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $411M | $408M | $384M | 0.7% | 7.2% |
| Op. Income | $136M | $127M | $127M | 7.6% | 7.5% |
| Gross Margin | 90.1% | 92.2% | 93.4% | -2.1pp | -3.3pp |
| Net Margin | 25.7% | 17.8% | 23.0% | 7.9pp | 2.6pp |
| EPS (Diluted) | $1.61 | $1.11 | $1.35 | 45.0% | 19.3% |
| Free Cash Flow | -$208M | $312M | -$232M | -166.6% | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $371M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $151M |
| SG&A Expenses | $157M |
| Other Expenses | $78M |
| Operating Expenses | $234M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $136M |
| Interest Income | $265M |
| Interest Expense | $46M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $14M |
| EBIT | $136M |
| EBITDA | $150M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $371M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $151M |
| SG&A Expenses | $157M |
| Other Expenses | $78M |
| Operating Expenses | $234M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $136M |
| Interest Income | $265M |
| Interest Expense | $46M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $136M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $14M |
| EBIT | $136M |
| EBITDA | $150M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$256M |
| OPERATING CASH FLOW | -$148M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$518M |
| Sales/Maturities of Investments | $461M |
| Other Investing Activities | -$123M |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | $544M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $104M |
| NET CASH FROM FINANCING | $612M |
| FREE CASH FLOW | -$208M |
| Net Change in Cash | $282M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $8.2B |
| Net Receivables | $482M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11.3B |
| PP&E (Net) | $314M |
| Goodwill | $447M |
| Intangible Assets | $305M |
| Long-Term Investments | $18.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $22.0B |
| TOTAL ASSETS | $33.4B |
| Account Payables | $156M |
| Short-Term Debt | $546M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.2B |
| TOTAL CURRENT LIABILITIES | $22.9B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $29.8B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.1B |
| Treasury Stock | -$563M |
| Accum. Other Comp. Income | -$111M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $22M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $33.4B |
| Total Debt | $6.4B |
| Net Debt | $3.8B |
