| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $530M | $472M | $475M | 12.2% | 11.6% |
| Op. Income | $151M | $110M | $130M | 37.4% | 16.7% |
| Gross Margin | 49.4% | 46.6% | 48.2% | 2.8pp | 1.3pp |
| Net Margin | 20.0% | 15.7% | 16.0% | 4.4pp | 4.0pp |
| EPS (Diluted) | $0.38 | $0.26 | $0.27 | 46.2% | 40.7% |
| Free Cash Flow | $69M | $188M | $39M | -63.5% | 74.0% |
| Item | Amount |
|---|---|
| REVENUE | $530M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $262M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $111M |
| Cost & Expenses | $379M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $27M |
| EBIT | $151M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $530M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $262M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $111M |
| Cost & Expenses | $379M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $27M |
| EBIT | $151M |
| EBITDA | $178M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $21.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$113M |
| Purchases of Investments | -$34.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $423M |
| Short-Term Investments | $13M |
| Net Receivables | $835M |
| Inventory | $0 |
| Other Current Assets | $398M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $90M |
| Goodwill | $2.9B |
| Intangible Assets | $680M |
| Long-Term Investments | $17M |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $817M |
| Short-Term Debt | $30M |
| Deferred Revenue | $453M |
| Other Current Liabilities | $98M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $832M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $284M |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $29M |
| Additional Paid-In Capital | $525M |
| Retained Earnings | $2.8B |
| Treasury Stock | -$398M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $862M |
| Net Debt | $439M |
