| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $349M | $327M | $320M | 6.7% | 8.9% |
| Op. Income | $123M | $88M | $100M | 40.0% | 23.3% |
| Gross Margin | 86.6% | 86.7% | 89.9% | -0.0pp | -3.3pp |
| Net Margin | 26.1% | 20.2% | 19.9% | 5.9pp | 6.2pp |
| EPS (Diluted) | $0.41 | $0.31 | $0.28 | 32.3% | 46.4% |
| Free Cash Flow | $266M | -$22M | $163M | 1312.1% | 63.4% |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $127M |
| SG&A Expenses | $131M |
| Other Expenses | $49M |
| Operating Expenses | $179M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $123M |
| Interest Income | $276M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $13M |
| EBIT | $123M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $302M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $127M |
| SG&A Expenses | $131M |
| Other Expenses | $49M |
| Operating Expenses | $179M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $123M |
| Interest Income | $276M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $13M |
| EBIT | $123M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $146M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $269M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $114M |
| Other Investing Activities | -$223M |
| NET CASH FROM INVESTING | -$297M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$386.0K |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $198M |
| NET CASH FROM FINANCING | $104M |
| FREE CASH FLOW | $266M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $879M |
| Short-Term Investments | $2.9B |
| Net Receivables | $1.3B |
| Inventory | -$1.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $237M |
| Goodwill | $1.8B |
| Intangible Assets | $201M |
| Long-Term Investments | $18.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $580M |
| TOTAL NON-CURRENT ASSETS | $21.6B |
| TOTAL ASSETS | $26.6B |
| Account Payables | $0 |
| Short-Term Debt | $287M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.9B |
| TOTAL CURRENT LIABILITIES | $21.2B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $22.6B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $26.6B |
| Total Debt | $1.4B |
| Net Debt | $531M |
