| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $308M | $311M | $297M | -0.8% | 3.8% |
| Op. Income | $107M | $112M | $100M | -5.1% | 6.4% |
| Gross Margin | 92.7% | 93.1% | 94.8% | -0.3pp | -2.1pp |
| Net Margin | 24.2% | 25.4% | 23.1% | -1.2pp | 1.1pp |
| EPS (Diluted) | $0.48 | $0.51 | $0.44 | -5.9% | 9.1% |
| Free Cash Flow | $119M | $60M | $79M | 97.1% | 50.1% |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $115M |
| SG&A Expenses | $120M |
| Other Expenses | $60M |
| Operating Expenses | $179M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $107M |
| Interest Income | $194M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $10M |
| EBIT | $107M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $115M |
| SG&A Expenses | $120M |
| Other Expenses | $60M |
| Operating Expenses | $179M |
| Cost & Expenses | $202M |
| OPERATING INCOME | $107M |
| Interest Income | $194M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | -$2.0K |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $10M |
| EBIT | $107M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$447M |
| Sales/Maturities of Investments | $837M |
| Other Investing Activities | -$205M |
| NET CASH FROM INVESTING | $176M |
| Net Debt Issuance | $722.0K |
| Common Stock Repurchased | -$692.0K |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$205M |
| NET CASH FROM FINANCING | -$230M |
| FREE CASH FLOW | $119M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $567M |
| Short-Term Investments | $9.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $335M |
| Goodwill | $139M |
| Intangible Assets | $7M |
| Long-Term Investments | $13.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $15.3B |
| TOTAL ASSETS | $25.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.4B |
| TOTAL CURRENT LIABILITIES | $21.9B |
| Long-Term Debt | $103M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $319M |
| TOTAL NON-CURRENT LIABILITIES | $422M |
| TOTAL LIABILITIES | $22.3B |
| Common Stock | $510M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $440M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $4M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $25.0B |
| Total Debt | $1.5B |
| Net Debt | $944M |
