| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $324M | $309M | $298M | 4.9% | 8.7% |
| Op. Income | $110M | $103M | $92M | 6.4% | 18.8% |
| Gross Margin | 94.3% | 93.7% | 95.9% | 0.6pp | -1.6pp |
| Net Margin | 31.0% | 30.1% | 28.1% | 0.9pp | 2.9pp |
| EPS (Diluted) | $1.53 | $1.41 | $1.31 | 8.5% | 16.8% |
| Free Cash Flow | $172M | $158M | $82M | 9.3% | 110.5% |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $306M |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $126M |
| SG&A Expenses | $155M |
| Other Expenses | $41M |
| Operating Expenses | $196M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $110M |
| Interest Income | $234M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $12M |
| EBIT | $110M |
| EBITDA | $122M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $306M |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $126M |
| SG&A Expenses | $155M |
| Other Expenses | $41M |
| Operating Expenses | $196M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $110M |
| Interest Income | $234M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $12M |
| EBIT | $110M |
| EBITDA | $122M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $4.0B |
| Other Investing Activities | -$439M |
| NET CASH FROM INVESTING | -$823M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $491M |
| NET CASH FROM FINANCING | $601M |
| FREE CASH FLOW | $172M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $10.5B |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.8B |
| PP&E (Net) | $521M |
| Goodwill | $655M |
| Intangible Assets | $5M |
| Long-Term Investments | $14.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $362M |
| TOTAL NON-CURRENT ASSETS | $16.0B |
| TOTAL ASSETS | $31.7B |
| Account Payables | $195M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.9B |
| TOTAL CURRENT LIABILITIES | $28.2B |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $28.5B |
| Common Stock | $642.0K |
| Additional Paid-In Capital | $953M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$67M |
| Accum. Other Comp. Income | $80M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $31.7B |
| Total Debt | $1.4B |
| Net Debt | -$3.5B |
