| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $107M | $96M | 0.3% | 11.5% |
| Op. Income | $38M | $11M | $35M | 237.6% | 9.4% |
| Gross Margin | 84.3% | 88.1% | 89.3% | -3.8pp | -5.0pp |
| Net Margin | 28.4% | 23.2% | 25.4% | 5.2pp | 3.1pp |
| EPS (Diluted) | $0.49 | $0.40 | $0.39 | 22.5% | 25.6% |
| Free Cash Flow | $47M | $26M | $29M | 79.1% | 64.9% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $801.0K |
| General & Administrative | $36M |
| SG&A Expenses | $37M |
| Other Expenses | $15M |
| Operating Expenses | $52M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $38M |
| Interest Income | $90M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $38M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $801.0K |
| General & Administrative | $36M |
| SG&A Expenses | $37M |
| Other Expenses | $15M |
| Operating Expenses | $52M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $38M |
| Interest Income | $90M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $38M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | -$64M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$106M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $116M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $1.4B |
| Net Receivables | $82M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $127M |
| Goodwill | $204M |
| Intangible Assets | $5M |
| Long-Term Investments | $6.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $334M |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $120M |
| Short-Term Debt | $658M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $170M |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $571M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $515M |
| Treasury Stock | -$112M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $940M |
| Minority Interest | $0 |
| TOTAL EQUITY | $940M |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $828M |
| Net Debt | $701M |
