| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $538M | $518M | $525M | 3.9% | 2.4% |
| Op. Income | $149M | $139M | $163M | 7.0% | -8.5% |
| Gross Margin | 83.2% | 82.7% | 83.8% | 0.5pp | -0.7pp |
| Net Margin | 25.2% | 18.9% | 20.7% | 6.4pp | 4.5pp |
| EPS (Diluted) | $2.14 | $1.52 | $1.64 | 40.8% | 30.5% |
| Free Cash Flow | $206M | $155M | $185M | 32.5% | 11.1% |
| Item | Amount |
|---|---|
| REVENUE | $538M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $447M |
| R&D Expenses | $85M |
| Selling & Marketing | $162M |
| General & Administrative | $38M |
| SG&A Expenses | $200M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $389M |
| OPERATING INCOME | $149M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $16M |
| EBIT | $162M |
| EBITDA | $178M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $538M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $447M |
| R&D Expenses | $85M |
| Selling & Marketing | $162M |
| General & Administrative | $38M |
| SG&A Expenses | $200M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $389M |
| OPERATING INCOME | $149M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $16M |
| EBIT | $162M |
| EBITDA | $178M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5.0K |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $213M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$191M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $14.0K |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $628.0K |
| NET CASH FROM FINANCING | -$149M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $673M |
| Short-Term Investments | $344M |
| Net Receivables | $292M |
| Inventory | $30M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $122M |
| Goodwill | $556M |
| Intangible Assets | $43M |
| Long-Term Investments | $296M |
| Tax Assets | $53M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $696M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $935M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $268M |
| Deferred Tax Liabilities | $63.0K |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $18M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $0 |
| Net Debt | -$673M |
