| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $380M | $367M | $337M | 3.5% | 12.7% |
| Op. Income | $104M | $212M | $79M | -51.1% | 31.3% |
| Gross Margin | 95.0% | 93.7% | 94.6% | 1.3pp | 0.4pp |
| Net Margin | 17.6% | 36.6% | 15.2% | -19.0pp | 2.4pp |
| EPS (Diluted) | $5.58 | $11.21 | $4.28 | -50.2% | 30.4% |
| Free Cash Flow | $89M | $33M | $97M | 171.0% | -8.6% |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $156M |
| SG&A Expenses | $156M |
| Other Expenses | $102M |
| Operating Expenses | $258M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $104M |
| Interest Income | $284M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $37M |
| 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 | $28M |
| EBIT | $104M |
| EBITDA | $132M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $380M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $361M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $156M |
| SG&A Expenses | $156M |
| Other Expenses | $102M |
| Operating Expenses | $258M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $104M |
| Interest Income | $284M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $37M |
| 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 | $28M |
| EBIT | $104M |
| EBITDA | $132M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$255M |
| Sales/Maturities of Investments | $316M |
| Other Investing Activities | -$170M |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | -$119M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$122M |
| NET CASH FROM FINANCING | -$241M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | -$260M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $296M |
| Short-Term Investments | $9.4B |
| Net Receivables | $91M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $1.1B |
| Goodwill | $151M |
| Intangible Assets | $77M |
| Long-Term Investments | $23.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $424M |
| TOTAL NON-CURRENT ASSETS | $24.8B |
| TOTAL ASSETS | $34.6B |
| Account Payables | $0 |
| Short-Term Debt | $679M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.3B |
| TOTAL CURRENT LIABILITIES | $30.0B |
| Long-Term Debt | $866M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $391M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $31.3B |
| Common Stock | $12M |
| Additional Paid-In Capital | $659M |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $34.6B |
| Total Debt | $1.5B |
| Net Debt | $1.2B |
