| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $436M | $449M | $461M | -2.9% | -5.5% |
| Op. Income | $164M | $174M | $205M | -5.5% | -19.9% |
| Gross Margin | 77.0% | 77.0% | 79.2% | 0.0pp | -2.2pp |
| Net Margin | 23.8% | 25.3% | 28.2% | -1.5pp | -4.3pp |
| EPS (Diluted) | $0.64 | $0.70 | $0.80 | -8.6% | -20.0% |
| Free Cash Flow | $356M | $345M | $301M | 3.2% | 18.5% |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $336M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $146M |
| SG&A Expenses | $146M |
| Other Expenses | $25M |
| Operating Expenses | $172M |
| Cost & Expenses | $272M |
| OPERATING INCOME | $164M |
| Interest Income | $399M |
| Interest Expense | $104M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $8M |
| EBIT | $164M |
| EBITDA | $172M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $336M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $146M |
| SG&A Expenses | $146M |
| Other Expenses | $25M |
| Operating Expenses | $172M |
| Cost & Expenses | $272M |
| OPERATING INCOME | $164M |
| Interest Income | $399M |
| Interest Expense | $104M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $8M |
| EBIT | $164M |
| EBITDA | $172M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $104M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | $750M |
| Change in Working Capital | -$525M |
| OPERATING CASH FLOW | $370M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $224M |
| Other Investing Activities | $154M |
| NET CASH FROM INVESTING | $268M |
| Net Debt Issuance | -$460M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$161M |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $356M |
| Net Change in Cash | $426M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $984M |
| Short-Term Investments | $50M |
| Net Receivables | $784M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $379M |
| Goodwill | $2.4B |
| Intangible Assets | $234M |
| Long-Term Investments | $42.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $47.0B |
| TOTAL ASSETS | $48.8B |
| Account Payables | $0 |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28.7B |
| TOTAL CURRENT LIABILITIES | $30.2B |
| Long-Term Debt | $11.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $237M |
| TOTAL NON-CURRENT LIABILITIES | $12.0B |
| TOTAL LIABILITIES | $42.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $48.8B |
| Total Debt | $13.2B |
| Net Debt | $12.2B |
