| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $309M | $300M | $280M | 2.9% | 10.6% |
| Op. Income | $103M | $99M | $91M | 3.7% | 13.1% |
| Gross Margin | 93.7% | 95.7% | 97.1% | -2.0pp | -3.4pp |
| Net Margin | 30.1% | 28.5% | 28.7% | 1.6pp | 1.4pp |
| EPS (Diluted) | $1.41 | $1.29 | $1.24 | 9.3% | 13.7% |
| Free Cash Flow | $158M | $51M | $146M | 211.4% | 8.0% |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $80M |
| Operating Expenses | $187M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $103M |
| Interest Income | $228M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $12M |
| EBIT | $103M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $290M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $80M |
| Operating Expenses | $187M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $103M |
| Interest Income | $228M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $12M |
| EBIT | $103M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$313M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$196M |
| NET CASH FROM INVESTING | $493M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $791M |
| NET CASH FROM FINANCING | $726M |
| FREE CASH FLOW | $158M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $10.2B |
| Net Receivables | $338M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.6B |
| PP&E (Net) | $521M |
| Goodwill | $655M |
| Intangible Assets | $5M |
| Long-Term Investments | $14.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $15.4B |
| TOTAL ASSETS | $31.0B |
| Account Payables | $165M |
| Short-Term Debt | $998M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.4B |
| TOTAL CURRENT LIABILITIES | $27.6B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $27.8B |
| Common Stock | $642.0K |
| Additional Paid-In Capital | $952M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$99M |
| Accum. Other Comp. Income | $58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $31.0B |
| Total Debt | $1.2B |
| Net Debt | -$3.8B |
