| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $604M | $586M | $550M | 3.1% | 9.8% |
| Op. Income | $200M | $219M | $174M | -8.4% | 15.1% |
| Gross Margin | 57.6% | 59.2% | 58.3% | -1.6pp | -0.7pp |
| Net Margin | 52.2% | 21.4% | 27.3% | 30.8pp | 24.9pp |
| EPS (Diluted) | $5.44 | $2.15 | $2.60 | 153.0% | 109.2% |
| Free Cash Flow | $365M | $350M | $361M | 4.4% | 1.3% |
| Item | Amount |
|---|---|
| REVENUE | $604M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $348M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $552M |
| Operating Expenses | $70M |
| Cost & Expenses | $360M |
| OPERATING INCOME | $200M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $74M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | -$130M |
| Net Income from Continuing Ops | $394M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $315M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $315M |
| D&A | $27M |
| EBIT | $200M |
| EBITDA | $227M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $604M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $348M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $552M |
| Operating Expenses | $70M |
| Cost & Expenses | $360M |
| OPERATING INCOME | $200M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $74M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | -$130M |
| Net Income from Continuing Ops | $394M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $315M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $315M |
| D&A | $27M |
| EBIT | $200M |
| EBITDA | $227M |
| EPS | $6 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $315M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$221M |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | $74M |
| OPERATING CASH FLOW | $370M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$117M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$130M |
| NET CASH FROM FINANCING | -$318M |
| FREE CASH FLOW | $365M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $78M |
| Net Receivables | $434M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $964M |
| PP&E (Net) | $111M |
| Goodwill | $2.7B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $3.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $7.7B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $467M |
| Other Current Liabilities | $94M |
| TOTAL CURRENT LIABILITIES | $566M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $990M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $809M |
| Retained Earnings | $3.7B |
| Treasury Stock | -$664M |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $1.6B |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $1.9B |
| Net Debt | $1.4B |
