| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $353M | $308M | — | 14.6% | — |
| Op. Income | $115M | $107M | — | 8.0% | — |
| Gross Margin | 93.1% | 92.7% | — | 0.4pp | — |
| Net Margin | 26.7% | 24.2% | — | 2.5pp | — |
| EPS (Diluted) | $0.61 | $0.48 | — | 27.1% | — |
| Free Cash Flow | $91M | $119M | — | -23.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $148M |
| SG&A Expenses | $152M |
| Other Expenses | $61M |
| Operating Expenses | $214M |
| Cost & Expenses | $238M |
| OPERATING INCOME | $115M |
| Interest Income | $202M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $10M |
| EBIT | $115M |
| EBITDA | $126M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $148M |
| SG&A Expenses | $152M |
| Other Expenses | $61M |
| Operating Expenses | $214M |
| Cost & Expenses | $238M |
| OPERATING INCOME | $115M |
| Interest Income | $202M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | -$3.0K |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $10M |
| EBIT | $115M |
| EBITDA | $126M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$781M |
| Sales/Maturities of Investments | $938M |
| Other Investing Activities | -$249M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | -$101M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $46M |
| NET CASH FROM FINANCING | -$86M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $469M |
| Short-Term Investments | $8.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $335M |
| Goodwill | $139M |
| Intangible Assets | $8M |
| Long-Term Investments | $14.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $15.6B |
| TOTAL ASSETS | $24.8B |
| Account Payables | $0 |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.4B |
| TOTAL CURRENT LIABILITIES | $21.9B |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $183M |
| TOTAL LIABILITIES | $22.1B |
| Common Stock | $535M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $221M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $2M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $24.8B |
| Total Debt | $1.5B |
| Net Debt | $1.0B |
