| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $166M | $138M | -0.8% | 19.7% |
| Op. Income | $83M | $77M | $69M | 7.2% | 19.1% |
| Gross Margin | 87.0% | 86.4% | 88.2% | 0.6pp | -1.2pp |
| Net Margin | 38.8% | 15.6% | 35.6% | 23.1pp | 3.2pp |
| EPS (Diluted) | $0.78 | $0.32 | $0.61 | 143.8% | 27.9% |
| Free Cash Flow | $84M | $123M | $53M | -31.5% | 58.9% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $858.0K |
| General & Administrative | $36M |
| SG&A Expenses | $36M |
| Other Expenses | $24M |
| Operating Expenses | $61M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $83M |
| Interest Income | $160M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $2M |
| EBIT | $83M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $858.0K |
| General & Administrative | $36M |
| SG&A Expenses | $36M |
| Other Expenses | $24M |
| Operating Expenses | $61M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $83M |
| Interest Income | $160M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $2M |
| EBIT | $83M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$638.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $174M |
| Other Investing Activities | -$140M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$105M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $320M |
| NET CASH FROM FINANCING | $196M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | $189M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $1.8B |
| Net Receivables | $45M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $102M |
| Goodwill | $372M |
| Intangible Assets | $8M |
| Long-Term Investments | $13.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$67M |
| TOTAL NON-CURRENT ASSETS | $13.9B |
| TOTAL ASSETS | $15.9B |
| Account Payables | $0 |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.0B |
| TOTAL CURRENT LIABILITIES | $13.1B |
| Long-Term Debt | $537M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $224M |
| TOTAL NON-CURRENT LIABILITIES | $760M |
| TOTAL LIABILITIES | $13.9B |
| Common Stock | $894.0K |
| Additional Paid-In Capital | $934M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$240M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $15.9B |
| Total Debt | $637M |
| Net Debt | $437M |
