| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $433M | $411M | $405M | 5.3% | 6.8% |
| Op. Income | $148M | $136M | $137M | 8.9% | 8.7% |
| Gross Margin | 87.2% | 90.1% | 92.6% | -3.0pp | -5.4pp |
| Net Margin | 26.4% | 25.7% | 21.7% | 0.7pp | 4.7pp |
| EPS (Diluted) | $1.75 | $1.61 | $1.35 | 8.7% | 29.6% |
| Free Cash Flow | -$850M | -$208M | $354M | -308.6% | -340.5% |
| Item | Amount |
|---|---|
| REVENUE | $433M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $377M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $149M |
| SG&A Expenses | $157M |
| Other Expenses | $72M |
| Operating Expenses | $229M |
| Cost & Expenses | $285M |
| OPERATING INCOME | $148M |
| Interest Income | $294M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | -$1.0K |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $14M |
| EBIT | $148M |
| EBITDA | $162M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $433M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $377M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $149M |
| SG&A Expenses | $157M |
| Other Expenses | $72M |
| Operating Expenses | $229M |
| Cost & Expenses | $285M |
| OPERATING INCOME | $148M |
| Interest Income | $294M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | -$1.0K |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $14M |
| EBIT | $148M |
| EBITDA | $162M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $115M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | -$1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$922M |
| OPERATING CASH FLOW | -$788M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$577M |
| Sales/Maturities of Investments | $618M |
| Other Investing Activities | -$725M |
| NET CASH FROM INVESTING | -$683M |
| Net Debt Issuance | $513M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$151M |
| NET CASH FROM FINANCING | $331M |
| FREE CASH FLOW | -$850M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $8.2B |
| Net Receivables | $817M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.4B |
| PP&E (Net) | $321M |
| Goodwill | $453M |
| Intangible Assets | $307M |
| Long-Term Investments | $19.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.1B |
| TOTAL NON-CURRENT ASSETS | $23.4B |
| TOTAL ASSETS | $33.8B |
| Account Payables | $161M |
| Short-Term Debt | $880M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.2B |
| TOTAL CURRENT LIABILITIES | $23.2B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $973M |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $30.3B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.2B |
| Treasury Stock | -$564M |
| Accum. Other Comp. Income | -$135M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $23M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $33.8B |
| Total Debt | $7.0B |
| Net Debt | $5.5B |
