| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $126M | $102M | 1.0% | 24.5% |
| Op. Income | $87M | $87M | $67M | -0.5% | 29.0% |
| Gross Margin | 97.1% | 96.9% | 96.4% | 0.2pp | 0.7pp |
| Net Margin | 52.2% | 49.6% | 46.8% | 2.6pp | 5.4pp |
| EPS (Diluted) | $0.72 | $0.68 | $0.52 | 5.9% | 38.5% |
| Free Cash Flow | $77M | $74M | $66M | 4.0% | 15.9% |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $14M |
| Operating Expenses | $37M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $716.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $1M |
| EBIT | $88M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $14M |
| Operating Expenses | $37M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $716.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $1M |
| EBIT | $88M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | -$201M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $112M |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | -$13M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $161M |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $125M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $163M |
| Other Non-Current Liabilities | $287M |
| TOTAL NON-CURRENT LIABILITIES | $575M |
| TOTAL LIABILITIES | $575M |
| Common Stock | $1M |
| Additional Paid-In Capital | $916M |
| Retained Earnings | $503M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $125M |
| Net Debt | $105M |
