| Metric | Q4 2014 | Q3 2014 | Q4 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $582M | $556M | $560M | 4.7% | 4.0% |
| Op. Income | $87M | $74M | $61M | 18.4% | 43.7% |
| Gross Margin | 61.9% | 60.6% | 61.2% | 1.3pp | 0.7pp |
| Net Margin | 10.3% | 8.4% | 7.3% | 2.0pp | 3.0pp |
| EPS (Diluted) | $0.87 | $0.68 | $0.61 | 27.9% | 42.6% |
| Free Cash Flow | $55M | $135M | $126M | -59.7% | -56.9% |
| Item | Amount |
|---|---|
| REVENUE | $582M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $279M |
| General & Administrative | $216M |
| SG&A Expenses | $495M |
| Other Expenses | $0 |
| Operating Expenses | $495M |
| Cost & Expenses | $717M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $53M |
| EBIT | $73M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $582M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $279M |
| General & Administrative | $216M |
| SG&A Expenses | $495M |
| Other Expenses | $0 |
| Operating Expenses | $495M |
| Cost & Expenses | $717M |
| OPERATING INCOME | $87M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $53M |
| EBIT | $73M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | -$189M |
| Change in Working Capital | $141M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$76M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$84M |
| NET CASH FROM FINANCING | -$84M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | -$109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $0 |
| Net Receivables | $421M |
| Inventory | $0 |
| Other Current Assets | $196M |
| TOTAL CURRENT ASSETS | $771M |
| PP&E (Net) | $301M |
| Goodwill | $3.2B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $82M |
| Other Non-Current Assets | -$54M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $52M |
| Short-Term Debt | $36M |
| Deferred Revenue | $596M |
| Other Current Liabilities | $270M |
| TOTAL CURRENT LIABILITIES | $955M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $347M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $694.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$107M |
| Other Equity | $851M |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
