| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $506M | $455M | $487M | 11.3% | 4.0% |
| Op. Income | $267M | $225M | $241M | 18.5% | 10.4% |
| Gross Margin | 88.5% | 88.6% | 87.9% | -0.1pp | 0.5pp |
| Net Margin | 47.3% | 42.4% | 45.6% | 4.9pp | 1.7pp |
| EPS (Diluted) | $1.46 | $1.16 | $1.31 | 25.9% | 11.5% |
| Free Cash Flow | $262M | $251M | $200M | 4.1% | 31.0% |
| Item | Amount |
|---|---|
| REVENUE | $506M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $448M |
| R&D Expenses | $51M |
| Selling & Marketing | $107M |
| General & Administrative | $24M |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $267M |
| Interest Income | $13M |
| Interest Expense | $39M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $239M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $239M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $239M |
| D&A | $5M |
| EBIT | $267M |
| EBITDA | $271M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $506M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $448M |
| R&D Expenses | $51M |
| Selling & Marketing | $107M |
| General & Administrative | $24M |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $267M |
| Interest Income | $13M |
| Interest Expense | $39M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $239M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $239M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $239M |
| D&A | $5M |
| EBIT | $267M |
| EBITDA | $271M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $239M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $268M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$150M |
| NET CASH FROM INVESTING | -$156M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$243M |
| FREE CASH FLOW | $262M |
| Net Change in Cash | -$3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $1.2B |
| Net Receivables | $472M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $78M |
| Goodwill | $812M |
| Intangible Assets | $18M |
| Long-Term Investments | $2.4B |
| Tax Assets | $119M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $878M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $308M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $656M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $774.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $8.2B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $0 |
| Net Debt | -$245M |
