| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 3.1% | 12.1% |
| Op. Income | $440M | $412M | $365M | 6.8% | 20.5% |
| Gross Margin | 80.9% | 81.3% | 86.9% | -0.5pp | -6.0pp |
| Net Margin | 28.0% | 27.1% | 22.8% | 0.9pp | 5.2pp |
| EPS (Diluted) | $0.33 | $0.30 | $0.23 | 10.0% | 43.5% |
| Free Cash Flow | $518M | $286M | $515M | 81.1% | 0.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $258M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $406M |
| SG&A Expenses | $418M |
| Other Expenses | $233M |
| Operating Expenses | $651M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $440M |
| Interest Income | $1.0B |
| Interest Expense | $205M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $440M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $378M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $360M |
| D&A | $122M |
| EBIT | $440M |
| EBITDA | $562M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $258M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $406M |
| SG&A Expenses | $418M |
| Other Expenses | $233M |
| Operating Expenses | $651M |
| Cost & Expenses | $909M |
| OPERATING INCOME | $440M |
| Interest Income | $1.0B |
| Interest Expense | $205M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $440M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $378M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $360M |
| D&A | $122M |
| EBIT | $440M |
| EBITDA | $562M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $378M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $542M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$276M |
| Sales/Maturities of Investments | $783M |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$519M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$691M |
| Common Dividends Paid | -$122M |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | -$106M |
| FREE CASH FLOW | $518M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $13.7B |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.4B |
| PP&E (Net) | $827M |
| Goodwill | $2.0B |
| Intangible Assets | $557M |
| Long-Term Investments | $82.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $88.4B |
| TOTAL ASSETS | $105.7B |
| Account Payables | $0 |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $81.7B |
| TOTAL CURRENT LIABILITIES | $85.3B |
| Long-Term Debt | $9.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9.4B |
| TOTAL LIABILITIES | $94.7B |
| Common Stock | $11M |
| Additional Paid-In Capital | $9.4B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$44M |
| Accum. Other Comp. Income | -$790M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $105.7B |
| Total Debt | $10.7B |
| Net Debt | $9.4B |
