| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $638M | $769M | $637M | -17.1% | 0.2% |
| Op. Income | $139M | $200M | $144M | -30.6% | -3.8% |
| Gross Margin | 46.1% | 45.9% | 43.2% | 0.2pp | 2.9pp |
| Net Margin | 16.8% | 19.1% | 17.2% | -2.3pp | -0.4pp |
| EPS (Diluted) | $0.82 | $1.13 | $0.82 | -27.4% | 0.0% |
| Free Cash Flow | $219M | $88M | $394M | 150.4% | -44.3% |
| Item | Amount |
|---|---|
| REVENUE | $638M |
| Cost of Revenue | $344M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $77M |
| SG&A Expenses | $99M |
| Other Expenses | $56M |
| Operating Expenses | $155M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $139M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $3M |
| EBIT | $153M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $638M |
| Cost of Revenue | $344M |
| GROSS PROFIT | $294M |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $77M |
| SG&A Expenses | $99M |
| Other Expenses | $56M |
| Operating Expenses | $155M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $139M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $139M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $3M |
| EBIT | $153M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $227M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $235M |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $104M |
| FREE CASH FLOW | $219M |
| Net Change in Cash | $303M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.0B |
| Net Receivables | $641M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $214M |
| Goodwill | $375M |
| Intangible Assets | $4M |
| Long-Term Investments | $610M |
| Tax Assets | $610M |
| Other Non-Current Assets | $304M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $702M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$516M |
| Accum. Other Comp. Income | -$260M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $54M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.4B |
| Net Debt | $301M |
