| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $381M | $398M | $348M | -4.1% | 9.4% |
| Op. Income | $131M | $123M | $105M | 6.8% | 25.1% |
| Gross Margin | 95.9% | 97.9% | 94.6% | -2.0pp | 1.2pp |
| Net Margin | 26.3% | 13.7% | 19.4% | 12.6pp | 6.9pp |
| EPS (Diluted) | $8.35 | $4.53 | $5.63 | 84.3% | 48.3% |
| Free Cash Flow | $434M | $23M | $122M | 1801.3% | 255.6% |
| Item | Amount |
|---|---|
| REVENUE | $381M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $167M |
| SG&A Expenses | $167M |
| Other Expenses | $67M |
| Operating Expenses | $234M |
| Cost & Expenses | $250M |
| OPERATING INCOME | $131M |
| Interest Income | $293M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $29M |
| EBIT | $131M |
| EBITDA | $161M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $381M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $366M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $167M |
| SG&A Expenses | $167M |
| Other Expenses | $67M |
| Operating Expenses | $234M |
| Cost & Expenses | $250M |
| OPERATING INCOME | $131M |
| Interest Income | $293M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $131M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $29M |
| EBIT | $131M |
| EBITDA | $161M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | $358M |
| OPERATING CASH FLOW | $458M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$936M |
| Sales/Maturities of Investments | $504M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$455M |
| Net Debt Issuance | -$791M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $703M |
| NET CASH FROM FINANCING | -$92M |
| FREE CASH FLOW | $434M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $8.8B |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $151M |
| Intangible Assets | $69M |
| Long-Term Investments | $23.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $381M |
| TOTAL NON-CURRENT ASSETS | $25.3B |
| TOTAL ASSETS | $34.4B |
| Account Payables | $0 |
| Short-Term Debt | $555M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30.0B |
| TOTAL CURRENT LIABILITIES | $30.5B |
| Long-Term Debt | $194M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $346M |
| TOTAL NON-CURRENT LIABILITIES | $540M |
| TOTAL LIABILITIES | $31.1B |
| Common Stock | $12M |
| Additional Paid-In Capital | $659M |
| Retained Earnings | $2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$230M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $34.4B |
| Total Debt | $749M |
| Net Debt | $501M |
