| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $452M | $506M | $435M | -10.6% | 3.9% |
| Op. Income | $213M | $267M | $211M | -19.9% | 1.2% |
| Gross Margin | 90.2% | 88.5% | 88.7% | 1.8pp | 1.5pp |
| Net Margin | 41.4% | 47.3% | 41.9% | -5.9pp | -0.5pp |
| EPS (Diluted) | $1.16 | $1.46 | $1.08 | -20.5% | 7.4% |
| Free Cash Flow | $414M | $262M | $347M | 58.2% | 19.2% |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $408M |
| R&D Expenses | $53M |
| Selling & Marketing | $120M |
| General & Administrative | $22M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $195M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $213M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $5M |
| EBIT | $213M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $408M |
| R&D Expenses | $53M |
| Selling & Marketing | $120M |
| General & Administrative | $22M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $195M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $213M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $187M |
| D&A | $5M |
| EBIT | $213M |
| EBITDA | $218M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $187M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2.0K |
| Change in Working Capital | $201M |
| OPERATING CASH FLOW | $419M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$249M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$230M |
| FREE CASH FLOW | $414M |
| Net Change in Cash | $161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $213M |
| Short-Term Investments | $1.3B |
| Net Receivables | $288M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $79M |
| Goodwill | $0 |
| Intangible Assets | $829M |
| Long-Term Investments | $2.5B |
| Tax Assets | $114M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $316M |
| Short-Term Debt | $0 |
| Deferred Revenue | $862M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $304M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $359M |
| TOTAL NON-CURRENT LIABILITIES | $663M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $774.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $8.4B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $0 |
| Net Debt | -$213M |
