| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $398M | $380M | $290M | 4.6% | 37.3% |
| Op. Income | $123M | $104M | $81M | 18.8% | 51.9% |
| Gross Margin | 97.9% | 95.0% | 90.7% | 2.9pp | 7.2pp |
| Net Margin | 13.7% | 17.6% | 18.2% | -4.0pp | -4.5pp |
| EPS (Diluted) | $4.53 | $5.58 | $4.39 | -18.8% | 3.2% |
| Free Cash Flow | $23M | $89M | -$12M | -74.3% | 295.7% |
| Item | Amount |
|---|---|
| REVENUE | $398M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $159M |
| SG&A Expenses | $159M |
| Other Expenses | $107M |
| Operating Expenses | $266M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $123M |
| Interest Income | $286M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $29M |
| EBIT | $123M |
| EBITDA | $152M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $398M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $159M |
| SG&A Expenses | $159M |
| Other Expenses | $107M |
| Operating Expenses | $266M |
| Cost & Expenses | $275M |
| OPERATING INCOME | $123M |
| Interest Income | $286M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $29M |
| EBIT | $123M |
| EBITDA | $152M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $59M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$432M |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $8.6B |
| Net Receivables | $95M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $151M |
| Intangible Assets | $73M |
| Long-Term Investments | $23.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $740M |
| TOTAL NON-CURRENT ASSETS | $25.5B |
| TOTAL ASSETS | $34.5B |
| Account Payables | $0 |
| Short-Term Debt | $679M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.3B |
| TOTAL CURRENT LIABILITIES | $29.9B |
| Long-Term Debt | $877M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $363M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $31.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $659M |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $34.5B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
