| Metric | Q1 2014 | Q4 2013 | Q1 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $524M | $560M | — | -6.3% | — |
| Op. Income | $56M | $61M | — | -8.5% | — |
| Gross Margin | 59.4% | 61.2% | — | -1.8pp | — |
| Net Margin | 6.2% | 7.3% | — | -1.1pp | — |
| EPS (Diluted) | $0.47 | $0.61 | — | -23.0% | — |
| Free Cash Flow | $129M | $126M | — | 2.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $524M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $312M |
| R&D Expenses | $0 |
| Selling & Marketing | $271M |
| General & Administrative | $198M |
| SG&A Expenses | $469M |
| Other Expenses | $0 |
| Operating Expenses | $469M |
| Cost & Expenses | $682M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $50M |
| EBIT | $56M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $524M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $312M |
| R&D Expenses | $0 |
| Selling & Marketing | $271M |
| General & Administrative | $198M |
| SG&A Expenses | $469M |
| Other Expenses | $0 |
| Operating Expenses | $469M |
| Cost & Expenses | $682M |
| OPERATING INCOME | $56M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $50M |
| EBIT | $56M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | -$104M |
| Change in Working Capital | $99M |
| OPERATING CASH FLOW | $154M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$44M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$179M |
| NET CASH FROM FINANCING | -$179M |
| FREE CASH FLOW | $129M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $524M |
| Inventory | $0 |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $912M |
| PP&E (Net) | $255M |
| Goodwill | $3.1B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $51M |
| Other Non-Current Assets | -$29M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $57M |
| Short-Term Debt | $210M |
| Deferred Revenue | $709M |
| Other Current Liabilities | $201M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $349M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $690.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $746M |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
