| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $327M | $283M | $291M | 15.5% | 12.4% |
| Op. Income | $162M | $159M | $176M | 1.8% | -8.0% |
| Gross Margin | 76.9% | 75.4% | 78.3% | 1.5pp | -1.4pp |
| Net Margin | 54.1% | 35.6% | 30.1% | 18.6pp | 24.0pp |
| EPS (Diluted) | $9.10 | $5.19 | $4.33 | 75.3% | 110.2% |
| Free Cash Flow | $150M | $152M | $142M | -1.3% | 5.7% |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $252M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $13M |
| SG&A Expenses | $28M |
| Other Expenses | $61M |
| Operating Expenses | $89M |
| Cost & Expenses | $165M |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | -$55M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $4M |
| EBIT | $162M |
| EBITDA | $166M |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $252M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $13M |
| SG&A Expenses | $28M |
| Other Expenses | $61M |
| Operating Expenses | $89M |
| Cost & Expenses | $165M |
| OPERATING INCOME | $162M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | -$55M |
| Net Income from Continuing Ops | $177M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $4M |
| EBIT | $162M |
| EBITDA | $166M |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $177M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$146M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$212M |
| NET CASH FROM INVESTING | -$213M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $65M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $4.6B |
| Inventory | $90M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $5.0B |
| Account Payables | $152M |
| Short-Term Debt | $14M |
| Deferred Revenue | $273M |
| Other Current Liabilities | -$206M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | -$2.7B |
| Deferred Tax Liabilities | $187M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $147M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$124M |
| Accum. Other Comp. Income | -$200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
