| Metric | Q3 2014 | Q2 2014 | Q3 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $556M | $568M | — | -2.1% | — |
| Op. Income | $74M | $87M | — | -15.0% | — |
| Gross Margin | 60.6% | 60.4% | — | 0.2pp | — |
| Net Margin | 8.4% | 9.8% | — | -1.4pp | — |
| EPS (Diluted) | $0.68 | $0.81 | — | -16.0% | — |
| Free Cash Flow | $135M | $195M | — | -30.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $219M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $271M |
| General & Administrative | $211M |
| SG&A Expenses | $482M |
| Other Expenses | $0 |
| Operating Expenses | $482M |
| Cost & Expenses | $701M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $51M |
| EBIT | $59M |
| EBITDA | $125M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $219M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $271M |
| General & Administrative | $211M |
| SG&A Expenses | $482M |
| Other Expenses | $0 |
| Operating Expenses | $482M |
| Cost & Expenses | $701M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $51M |
| EBIT | $59M |
| EBITDA | $125M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $117M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | -$134M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | $135M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $262M |
| Short-Term Investments | $0 |
| Net Receivables | $366M |
| Inventory | $0 |
| Other Current Assets | $184M |
| TOTAL CURRENT ASSETS | $812M |
| PP&E (Net) | $282M |
| Goodwill | $3.1B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $73M |
| Other Non-Current Assets | -$56M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $47M |
| Short-Term Debt | $219M |
| Deferred Revenue | $613M |
| Other Current Liabilities | $258M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $338M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $691.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $818M |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $1.9B |
| Net Debt | $1.6B |
