| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500M | $473M | $445M | 5.7% | 12.5% |
| Op. Income | $127M | $115M | $104M | 10.0% | 22.1% |
| Gross Margin | 45.9% | 45.5% | 44.7% | 0.4pp | 1.2pp |
| Net Margin | 18.2% | 39.6% | 15.8% | -21.5pp | 2.4pp |
| EPS (Diluted) | $0.32 | $0.66 | $0.25 | -51.5% | 28.0% |
| Free Cash Flow | $70M | $117M | $87M | -40.5% | -19.8% |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $271M |
| GROSS PROFIT | $229M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $102M |
| Operating Expenses | $102M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $26M |
| EBIT | $128M |
| EBITDA | $154M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $271M |
| GROSS PROFIT | $229M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $102M |
| Operating Expenses | $102M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $127M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $26M |
| EBIT | $128M |
| EBITDA | $154M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | -$227.0K |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $558M |
| Short-Term Investments | $21M |
| Net Receivables | $842M |
| Inventory | $0 |
| Other Current Assets | $361M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $81M |
| Goodwill | $2.7B |
| Intangible Assets | $630M |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $821M |
| Short-Term Debt | $120M |
| Deferred Revenue | $390M |
| Other Current Liabilities | $147M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $852M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $289M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $29M |
| Additional Paid-In Capital | $495M |
| Retained Earnings | $2.6B |
| Treasury Stock | -$398M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $972M |
| Net Debt | $413M |
