| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $314M | $295M | $276M | 6.5% | 14.0% |
| Op. Income | $197M | $157M | $157M | 25.2% | 25.5% |
| Gross Margin | 72.7% | 72.1% | 75.1% | 0.6pp | -2.4pp |
| Net Margin | 48.1% | 40.7% | 36.0% | 7.4pp | 12.1pp |
| EPS (Diluted) | $7.75 | $6.17 | $5.09 | 25.6% | 52.3% |
| Free Cash Flow | $99M | $206M | $97M | -52.2% | 1.4% |
| Item | Amount |
|---|---|
| REVENUE | $314M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $13M |
| SG&A Expenses | $30M |
| Other Expenses | $2M |
| Operating Expenses | $32M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $197M |
| Interest Income | $1M |
| Interest Expense | $39M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $5M |
| EBIT | $197M |
| EBITDA | $201M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $314M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $13M |
| SG&A Expenses | $30M |
| Other Expenses | $2M |
| Operating Expenses | $32M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $197M |
| Interest Income | $1M |
| Interest Expense | $39M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $5M |
| EBIT | $197M |
| EBITDA | $201M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$297M |
| NET CASH FROM INVESTING | -$304M |
| Net Debt Issuance | $220M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $215M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $5.4B |
| Inventory | $54M |
| Other Current Assets | $340M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $226M |
| Other Non-Current Assets | -$141M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $5.9B |
| Account Payables | $173M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$173M |
| TOTAL CURRENT LIABILITIES | $173M |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | -$4.1B |
| Deferred Tax Liabilities | $226M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.9B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $150M |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$600.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $3.7B |
| Net Debt | $3.6B |
