| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $369M | — | $380M | — | -2.9% |
| Op. Income | $32M | — | $41M | — | -22.2% |
| Gross Margin | 92.4% | — | 95.3% | — | -2.9pp |
| Net Margin | 6.6% | — | 7.0% | — | -0.3pp |
| EPS (Diluted) | $0.25 | — | $0.27 | — | -7.4% |
| Free Cash Flow | $181M | — | $344M | — | -47.4% |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $198M |
| SG&A Expenses | $198M |
| Other Expenses | $110M |
| Operating Expenses | $308M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $32M |
| Interest Income | $133M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $2M |
| EBIT | $32M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $340M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $198M |
| SG&A Expenses | $198M |
| Other Expenses | $110M |
| Operating Expenses | $308M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $32M |
| Interest Income | $133M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $2M |
| EBIT | $32M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$534.0K |
| Other Non-Cash Items | $280M |
| Change in Working Capital | -$120M |
| OPERATING CASH FLOW | $185M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $63M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$148M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$177M |
| FREE CASH FLOW | $181M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $470M |
| Short-Term Investments | $807M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $174M |
| Goodwill | $252M |
| Intangible Assets | $35M |
| Long-Term Investments | $8.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $1.5B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.0B |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $250M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $367M |
| TOTAL NON-CURRENT LIABILITIES | $617M |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $960.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $404M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $603.0K |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $2M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $1.6B |
| Net Debt | $1.1B |
