| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $472M | $500M | $465M | -5.7% | 1.6% |
| Op. Income | $110M | $127M | $122M | -13.4% | -9.7% |
| Gross Margin | 46.6% | 45.9% | 47.4% | 0.8pp | -0.8pp |
| Net Margin | 15.7% | 18.2% | 14.2% | -2.5pp | 1.4pp |
| EPS (Diluted) | $0.26 | $0.32 | $0.23 | -18.8% | 13.0% |
| Free Cash Flow | $188M | $70M | $174M | 170.0% | 8.1% |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $252M |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $110M |
| Operating Expenses | $110M |
| Cost & Expenses | $362M |
| OPERATING INCOME | $110M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $26M |
| EBIT | $112M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $252M |
| GROSS PROFIT | $220M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $110M |
| Operating Expenses | $110M |
| Cost & Expenses | $362M |
| OPERATING INCOME | $110M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $26M |
| EBIT | $112M |
| EBITDA | $138M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $198M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$105M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | -$105M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $188M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $478M |
| Short-Term Investments | $11M |
| Net Receivables | $825M |
| Inventory | $0 |
| Other Current Assets | $416M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $85M |
| Goodwill | $2.8B |
| Intangible Assets | $641M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $914M |
| Short-Term Debt | $25M |
| Deferred Revenue | $412M |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $842M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $284M |
| Other Non-Current Liabilities | $87M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $29M |
| Additional Paid-In Capital | $503M |
| Retained Earnings | $2.7B |
| 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 | $5.7B |
| Total Debt | $867M |
| Net Debt | $389M |
