| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $335M | $324M | $295M | 3.2% | 13.3% |
| Op. Income | $118M | $110M | $96M | 7.3% | 22.1% |
| Gross Margin | 93.9% | 94.3% | 96.2% | -0.4pp | -2.3pp |
| Net Margin | 31.8% | 31.0% | 28.7% | 0.8pp | 3.1pp |
| EPS (Diluted) | $1.61 | $1.53 | $1.28 | 5.2% | 25.8% |
| Free Cash Flow | $194M | $172M | $123M | 12.5% | 57.2% |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $83M |
| Operating Expenses | $197M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $118M |
| Interest Income | $243M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | -$702.0K |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $12M |
| EBIT | $118M |
| EBITDA | $130M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $83M |
| Operating Expenses | $197M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $118M |
| Interest Income | $243M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | -$702.0K |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $12M |
| EBIT | $118M |
| EBITDA | $130M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $3.2B |
| Other Investing Activities | -$216M |
| NET CASH FROM INVESTING | -$253M |
| Net Debt Issuance | -$116M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$175M |
| NET CASH FROM FINANCING | -$330M |
| FREE CASH FLOW | $194M |
| Net Change in Cash | -$372M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $10.5B |
| Net Receivables | $399M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.3B |
| PP&E (Net) | $521M |
| Goodwill | $655M |
| Intangible Assets | $5M |
| Long-Term Investments | $14.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $541M |
| TOTAL NON-CURRENT ASSETS | $16.2B |
| TOTAL ASSETS | $31.5B |
| Account Payables | $271M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.7B |
| TOTAL CURRENT LIABILITIES | $28.0B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $28.2B |
| Common Stock | $642.0K |
| Additional Paid-In Capital | $957M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$39M |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $31.5B |
| Total Debt | $1.3B |
| Net Debt | -$3.1B |
