| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $392M | $381M | $367M | 2.8% | 6.6% |
| Op. Income | $123M | $131M | $212M | -6.6% | -42.1% |
| Gross Margin | 97.2% | 95.9% | 93.7% | 1.3pp | 3.5pp |
| Net Margin | 23.8% | 26.3% | 36.6% | -2.5pp | -12.8pp |
| EPS (Diluted) | $7.77 | $8.35 | $11.21 | -6.9% | -30.7% |
| Free Cash Flow | $26M | $434M | $33M | -94.0% | -20.7% |
| Item | Amount |
|---|---|
| REVENUE | $392M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $381M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $168M |
| SG&A Expenses | $170M |
| Other Expenses | $88M |
| Operating Expenses | $258M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $123M |
| Interest Income | $304M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $30M |
| EBIT | $123M |
| EBITDA | $152M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $392M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $381M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $168M |
| SG&A Expenses | $170M |
| Other Expenses | $88M |
| Operating Expenses | $258M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $123M |
| Interest Income | $304M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $30M |
| EBIT | $123M |
| EBITDA | $152M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$106M |
| Purchases of Investments | $13M |
| Sales/Maturities of Investments | $675M |
| Other Investing Activities | -$346M |
| NET CASH FROM INVESTING | $199M |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$180M |
| NET CASH FROM FINANCING | -$249M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $261M |
| Short-Term Investments | $6.0B |
| Net Receivables | $100M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.2B |
| Goodwill | $208M |
| Intangible Assets | $77M |
| Long-Term Investments | $27.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $489M |
| TOTAL NON-CURRENT ASSETS | $28.7B |
| TOTAL ASSETS | $35.1B |
| Account Payables | $0 |
| Short-Term Debt | $614M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30.4B |
| TOTAL CURRENT LIABILITIES | $31.0B |
| Long-Term Debt | $241M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $377M |
| TOTAL NON-CURRENT LIABILITIES | $619M |
| TOTAL LIABILITIES | $31.6B |
| Common Stock | $12M |
| Additional Paid-In Capital | $659M |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$245M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $35.1B |
| Total Debt | $855M |
| Net Debt | $595M |
