| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $503M | $449M | -17.3% | -7.4% |
| Op. Income | $145M | $178M | $174M | -18.8% | -16.6% |
| Gross Margin | 70.6% | 67.8% | 77.0% | 2.8pp | -6.4pp |
| Net Margin | 32.8% | 22.0% | 25.3% | 10.9pp | 7.5pp |
| EPS (Diluted) | $0.78 | $0.62 | $0.70 | 25.8% | 11.4% |
| Free Cash Flow | $11M | $774M | $345M | -98.6% | -96.9% |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $293M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | $25M |
| Operating Expenses | $148M |
| Cost & Expenses | $271M |
| OPERATING INCOME | $145M |
| Interest Income | $390M |
| Interest Expense | $119M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $8M |
| EBIT | $145M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $293M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $123M |
| SG&A Expenses | $123M |
| Other Expenses | $25M |
| Operating Expenses | $148M |
| Cost & Expenses | $271M |
| OPERATING INCOME | $145M |
| Interest Income | $390M |
| Interest Expense | $119M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $8M |
| EBIT | $145M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $34M |
| Other Non-Cash Items | $118M |
| Change in Working Capital | -$293M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$772M |
| Sales/Maturities of Investments | $259M |
| Other Investing Activities | -$907M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $550M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | $209M |
| NET CASH FROM FINANCING | $660M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$749M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $2.3B |
| Net Receivables | $663M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $369M |
| Goodwill | $2.4B |
| Intangible Assets | $6M |
| Long-Term Investments | $37.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $43.7B |
| TOTAL ASSETS | $49.1B |
| Account Payables | $0 |
| Short-Term Debt | $450M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.1B |
| TOTAL CURRENT LIABILITIES | $29.6B |
| Long-Term Debt | $12.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $313M |
| TOTAL NON-CURRENT LIABILITIES | $12.8B |
| TOTAL LIABILITIES | $42.3B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $238M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $49.1B |
| Total Debt | $12.9B |
| Net Debt | $10.4B |
