| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $399M | $392M | $380M | 2.0% | 5.0% |
| Op. Income | $134M | $123M | $104M | 8.8% | 28.8% |
| Gross Margin | 98.4% | 97.2% | 95.0% | 1.2pp | 3.4pp |
| Net Margin | 29.4% | 23.8% | 17.6% | 5.6pp | 11.7pp |
| EPS (Diluted) | $9.80 | $7.77 | $5.58 | 26.1% | 75.6% |
| Free Cash Flow | -$221M | $26M | $89M | -950.0% | -348.8% |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $171M |
| SG&A Expenses | $173M |
| Other Expenses | $86M |
| Operating Expenses | $260M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $134M |
| Interest Income | $316M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $134M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $30M |
| EBIT | $134M |
| EBITDA | $164M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $393M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $171M |
| SG&A Expenses | $173M |
| Other Expenses | $86M |
| Operating Expenses | $260M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $134M |
| Interest Income | $316M |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $134M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $117M |
| D&A | $30M |
| EBIT | $134M |
| EBITDA | $164M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $117M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$356M |
| OPERATING CASH FLOW | -$191M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$128M |
| Sales/Maturities of Investments | $856M |
| Other Investing Activities | -$332M |
| NET CASH FROM INVESTING | $365M |
| Net Debt Issuance | $135M |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$245M |
| NET CASH FROM FINANCING | -$172M |
| FREE CASH FLOW | -$221M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $5.6B |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $208M |
| Intangible Assets | $73M |
| Long-Term Investments | $27.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $441M |
| TOTAL NON-CURRENT ASSETS | $29.0B |
| TOTAL ASSETS | $35.0B |
| Account Payables | $0 |
| Short-Term Debt | $688M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30.2B |
| TOTAL CURRENT LIABILITIES | $30.9B |
| Long-Term Debt | $297M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $307M |
| TOTAL NON-CURRENT LIABILITIES | $604M |
| TOTAL LIABILITIES | $31.5B |
| Common Stock | $12M |
| Additional Paid-In Capital | $601M |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$248M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $35.0B |
| Total Debt | $985M |
| Net Debt | $723M |
