| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $320M | $324M | -2.4% | -3.4% |
| Op. Income | $85M | $100M | $110M | -14.3% | -22.2% |
| Gross Margin | 89.0% | 89.9% | 90.7% | -0.9pp | -1.7pp |
| Net Margin | 26.2% | 19.9% | 21.4% | 6.3pp | 4.8pp |
| EPS (Diluted) | $0.38 | $0.28 | $0.31 | 35.7% | 22.6% |
| Free Cash Flow | $273M | $163M | $27M | 67.2% | 918.0% |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $134M |
| SG&A Expenses | $137M |
| Other Expenses | $56M |
| Operating Expenses | $193M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $85M |
| Interest Income | $242M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $14M |
| EBIT | $85M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $134M |
| SG&A Expenses | $137M |
| Other Expenses | $56M |
| Operating Expenses | $193M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $85M |
| Interest Income | $242M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $14M |
| EBIT | $85M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $234M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $263M |
| Capital Expenditure | $10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$169M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | -$415M |
| NET CASH FROM INVESTING | -$451M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $70M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | $273M |
| Net Change in Cash | -$211M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $634M |
| Short-Term Investments | $3.1B |
| Net Receivables | $1.3B |
| Inventory | -$1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $269M |
| Goodwill | $1.8B |
| Intangible Assets | $183M |
| Long-Term Investments | $18.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $444M |
| TOTAL NON-CURRENT ASSETS | $20.7B |
| TOTAL ASSETS | $25.7B |
| Account Payables | $0 |
| Short-Term Debt | $294M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.9B |
| TOTAL CURRENT LIABILITIES | $20.2B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $21.7B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $477M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $25.7B |
| Total Debt | $1.5B |
| Net Debt | $840M |
