| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | -0.2% | 8.7% |
| Op. Income | $385M | $412M | $267M | -6.5% | 44.2% |
| Gross Margin | 82.9% | 84.6% | 86.0% | -1.7pp | -3.1pp |
| Net Margin | 26.5% | 35.1% | 18.4% | -8.5pp | 8.1pp |
| EPS (Diluted) | $0.28 | $0.37 | $0.17 | -24.3% | 64.7% |
| Free Cash Flow | $278M | $798M | $341M | -65.2% | -18.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $210M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $394M |
| SG&A Expenses | $402M |
| Other Expenses | $231M |
| Operating Expenses | $633M |
| Cost & Expenses | $843M |
| OPERATING INCOME | $385M |
| Interest Income | $914M |
| Interest Expense | $144M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $385M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $326M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $314M |
| D&A | $105M |
| EBIT | $385M |
| EBITDA | $490M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $210M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $394M |
| SG&A Expenses | $402M |
| Other Expenses | $231M |
| Operating Expenses | $633M |
| Cost & Expenses | $843M |
| OPERATING INCOME | $385M |
| Interest Income | $914M |
| Interest Expense | $144M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $385M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $326M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $326M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $314M |
| D&A | $105M |
| EBIT | $385M |
| EBITDA | $490M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $326M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $93M |
| Other Non-Cash Items | $67M |
| Change in Working Capital | -$312M |
| OPERATING CASH FLOW | $294M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$509M |
| Sales/Maturities of Investments | $839M |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$776M |
| Net Debt Issuance | -$2.7B |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | -$118M |
| Other Financing Activities | $2.4B |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | $278M |
| Net Change in Cash | -$451M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $162M |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $847M |
| Goodwill | $2.0B |
| Intangible Assets | $579M |
| Long-Term Investments | $94.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $100.8B |
| TOTAL ASSETS | $104.2B |
| Account Payables | $0 |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $79.5B |
| TOTAL CURRENT LIABILITIES | $84.3B |
| Long-Term Debt | $8.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $92.9B |
| Common Stock | $11M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $780M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | -$677M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.3B |
| TOTAL LIABILITIES & EQUITY | $104.2B |
| Total Debt | $11.5B |
| Net Debt | $10.4B |
