| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $359M | $340M | $317M | 5.6% | 13.2% |
| Op. Income | $106M | $108M | $104M | -1.9% | 1.9% |
| Gross Margin | 80.5% | 82.1% | 84.4% | -1.6pp | -3.9pp |
| Net Margin | 23.7% | 25.6% | 23.5% | -1.9pp | 0.2pp |
| EPS (Diluted) | $0.26 | $0.26 | $0.22 | 0.0% | 18.2% |
| Free Cash Flow | $138M | $201M | -$116M | -31.3% | 218.8% |
| Item | Amount |
|---|---|
| REVENUE | $359M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $289M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $75M |
| Operating Expenses | $183M |
| Cost & Expenses | $253M |
| OPERATING INCOME | $106M |
| Interest Income | $294M |
| Interest Expense | $54M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $33M |
| EBIT | $106M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $359M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $289M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $75M |
| Operating Expenses | $183M |
| Cost & Expenses | $253M |
| OPERATING INCOME | $106M |
| Interest Income | $294M |
| Interest Expense | $54M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $33M |
| EBIT | $106M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$383M |
| Sales/Maturities of Investments | $223M |
| Other Investing Activities | -$437M |
| NET CASH FROM INVESTING | -$598M |
| Net Debt Issuance | $502M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$40M |
| Other Financing Activities | $44M |
| NET CASH FROM FINANCING | $507M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $3.0B |
| Net Receivables | $337M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $325M |
| Goodwill | $2.3B |
| Intangible Assets | $84M |
| Long-Term Investments | $24.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $28.5B |
| TOTAL ASSETS | $32.3B |
| Account Payables | $0 |
| Short-Term Debt | $4.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.5B |
| TOTAL CURRENT LIABILITIES | $26.7B |
| Long-Term Debt | $758M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $281M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $27.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $457M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $32.3B |
| Total Debt | $5.0B |
| Net Debt | $4.5B |
