| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $427M | $416M | $436M | 2.8% | -2.0% |
| Op. Income | $144M | $145M | $164M | -0.3% | -12.0% |
| Gross Margin | 66.4% | 70.6% | 77.0% | -4.2pp | -10.6pp |
| Net Margin | 24.9% | 32.8% | 23.8% | -7.9pp | 1.1pp |
| EPS (Diluted) | $0.60 | $0.78 | $0.64 | -23.1% | -6.3% |
| Free Cash Flow | $144M | $11M | $356M | 1235.3% | -59.5% |
| Item | Amount |
|---|---|
| REVENUE | $427M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $284M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $25M |
| Operating Expenses | $139M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $144M |
| Interest Income | $404M |
| Interest Expense | $134M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $8M |
| EBIT | $144M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $427M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $284M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $25M |
| Operating Expenses | $139M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $144M |
| Interest Income | $404M |
| Interest Expense | $134M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $8M |
| EBIT | $144M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$293M |
| Sales/Maturities of Investments | $347M |
| Other Investing Activities | -$515M |
| NET CASH FROM INVESTING | -$466M |
| Net Debt Issuance | $430M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | $133M |
| NET CASH FROM FINANCING | $470M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $2.2B |
| Net Receivables | $657M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $364M |
| Goodwill | $2.4B |
| Intangible Assets | $5M |
| Long-Term Investments | $38.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $44.2B |
| TOTAL ASSETS | $49.7B |
| Account Payables | $0 |
| Short-Term Debt | $450M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.2B |
| TOTAL CURRENT LIABILITIES | $29.7B |
| Long-Term Debt | $12.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $295M |
| TOTAL NON-CURRENT LIABILITIES | $13.2B |
| TOTAL LIABILITIES | $42.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $256M |
| Treasury Stock | -$777.0K |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $49.7B |
| Total Debt | $13.3B |
| Net Debt | $10.7B |
