| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408M | $418M | $333M | -2.3% | 22.7% |
| Op. Income | $127M | $128M | $72M | -1.2% | 75.0% |
| Gross Margin | 92.2% | 91.2% | 93.5% | 1.0pp | -1.3pp |
| Net Margin | 17.8% | 20.5% | 15.0% | -2.8pp | 2.7pp |
| EPS (Diluted) | $1.11 | $1.31 | $0.76 | -15.3% | 46.1% |
| Free Cash Flow | $312M | -$470M | $359M | 166.4% | -13.0% |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $376M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $156M |
| SG&A Expenses | $163M |
| Other Expenses | $87M |
| Operating Expenses | $250M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $127M |
| Interest Income | $256M |
| Interest Expense | $39M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $15M |
| EBIT | $127M |
| EBITDA | $142M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $376M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $156M |
| SG&A Expenses | $163M |
| Other Expenses | $87M |
| Operating Expenses | $250M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $127M |
| Interest Income | $256M |
| Interest Expense | $39M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $15M |
| EBIT | $127M |
| EBITDA | $142M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $248M |
| OPERATING CASH FLOW | $392M |
| Capital Expenditure | -$80M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$859M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $264M |
| NET CASH FROM INVESTING | $407M |
| Net Debt Issuance | -$969M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$30M |
| Other Financing Activities | $49M |
| NET CASH FROM FINANCING | -$956M |
| FREE CASH FLOW | $312M |
| Net Change in Cash | -$157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $8.3B |
| Net Receivables | $519M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11.2B |
| PP&E (Net) | $317M |
| Goodwill | $447M |
| Intangible Assets | $282M |
| Long-Term Investments | $18.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $21.1B |
| TOTAL ASSETS | $32.3B |
| Account Payables | $165M |
| Short-Term Debt | $595M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.1B |
| TOTAL CURRENT LIABILITIES | $22.8B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $673M |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $28.8B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$553M |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $23M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $32.3B |
| Total Debt | $5.9B |
| Net Debt | $3.5B |
