| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.2B | 6.5% | 11.7% |
| Op. Income | $412M | $385M | $351M | 7.0% | 17.4% |
| Gross Margin | 81.3% | 82.9% | 89.2% | -1.6pp | -7.9pp |
| Net Margin | 27.1% | 26.5% | 23.2% | 0.6pp | 3.9pp |
| EPS (Diluted) | $0.30 | $0.28 | $0.23 | 7.1% | 30.4% |
| Free Cash Flow | $286M | $278M | $105M | 2.9% | 172.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $244M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $414M |
| SG&A Expenses | $432M |
| Other Expenses | $220M |
| Operating Expenses | $652M |
| Cost & Expenses | $896M |
| OPERATING INCOME | $412M |
| Interest Income | $972M |
| Interest Expense | $188M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $334M |
| D&A | $123M |
| EBIT | $412M |
| EBITDA | $535M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $244M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $414M |
| SG&A Expenses | $432M |
| Other Expenses | $220M |
| Operating Expenses | $652M |
| Cost & Expenses | $896M |
| OPERATING INCOME | $412M |
| Interest Income | $972M |
| Interest Expense | $188M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $334M |
| D&A | $123M |
| EBIT | $412M |
| EBITDA | $535M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $355M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $46M |
| Other Non-Cash Items | -$81M |
| Change in Working Capital | -$164M |
| OPERATING CASH FLOW | $308M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$335M |
| Sales/Maturities of Investments | $911M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$682M |
| Net Debt Issuance | $720M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$122M |
| Other Financing Activities | $100M |
| NET CASH FROM FINANCING | $687M |
| FREE CASH FLOW | $286M |
| Net Change in Cash | $313M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $14.1B |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.8B |
| PP&E (Net) | $840M |
| Goodwill | $2.0B |
| Intangible Assets | $567M |
| Long-Term Investments | $81.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $87.6B |
| TOTAL ASSETS | $105.4B |
| Account Payables | $0 |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $79.6B |
| TOTAL CURRENT LIABILITIES | $84.2B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $93.9B |
| Common Stock | $11M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $990M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$730M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.5B |
| TOTAL LIABILITIES & EQUITY | $105.4B |
| Total Debt | $12.2B |
| Net Debt | $10.7B |
