| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $327M | $262M | -9.8% | 12.4% |
| Op. Income | $157M | $162M | $144M | -3.2% | 9.2% |
| Gross Margin | 72.1% | 76.9% | 73.7% | -4.8pp | -1.5pp |
| Net Margin | 40.7% | 54.1% | 35.6% | -13.4pp | 5.2pp |
| EPS (Diluted) | $6.17 | $9.10 | $4.72 | -32.2% | 30.7% |
| Free Cash Flow | $206M | $150M | $159M | 37.6% | 29.9% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $15M |
| SG&A Expenses | $32M |
| Other Expenses | $23M |
| Operating Expenses | $56M |
| Cost & Expenses | $138M |
| OPERATING INCOME | $157M |
| Interest Income | $700.0K |
| Interest Expense | $35M |
| Other Income/Expenses | $700.0K |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $4M |
| EBIT | $157M |
| EBITDA | $161M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $15M |
| SG&A Expenses | $32M |
| Other Expenses | $23M |
| Operating Expenses | $56M |
| Cost & Expenses | $138M |
| OPERATING INCOME | $157M |
| Interest Income | $700.0K |
| Interest Expense | $35M |
| Other Income/Expenses | $700.0K |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $4M |
| EBIT | $157M |
| EBITDA | $161M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$447M |
| NET CASH FROM INVESTING | -$460M |
| Net Debt Issuance | $377M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $369M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $5.1B |
| Inventory | $51M |
| Other Current Assets | $371M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $206M |
| Other Non-Current Assets | -$128M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $5.5B |
| Account Payables | $169M |
| Short-Term Debt | $23M |
| Deferred Revenue | $56M |
| Other Current Liabilities | -$192M |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | -$3.8B |
| Deferred Tax Liabilities | $206M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $148M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$500.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $3.4B |
| Net Debt | $3.4B |
