| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $1.5B | -6.5% | 17.5% |
| Op. Income | $218M | $695M | $338M | -68.7% | -35.7% |
| Gross Margin | 18.9% | 42.7% | 29.1% | -23.8pp | -10.1pp |
| Net Margin | 12.1% | 30.6% | 19.6% | -18.5pp | -7.6pp |
| EPS (Diluted) | $5.11 | $13.85 | $7.07 | -63.1% | -27.7% |
| Free Cash Flow | $196M | $118M | $382M | 65.1% | -48.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $330M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $104M |
| Operating Expenses | $113M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $0 |
| EBIT | $225M |
| EBITDA | $225M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $330M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $104M |
| Operating Expenses | $113M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $218M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $218M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $208M |
| D&A | $0 |
| EBIT | $225M |
| EBITDA | $225M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $210M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $161M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$53M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $196M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $701M |
| Short-Term Investments | $16.4B |
| Net Receivables | $3.5B |
| Inventory | $0 |
| Other Current Assets | -$20.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $23.5B |
| Account Payables | $244M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$302M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $633M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$633M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $692.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.8B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$342M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $23.5B |
| Total Debt | $633M |
| Net Debt | -$67M |
