| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $565M | $601M | $604M | -6.1% | -6.6% |
| Op. Income | $235M | $199M | $200M | 18.1% | 17.6% |
| Gross Margin | 60.0% | 57.8% | 57.6% | 2.2pp | 2.4pp |
| Net Margin | -26.8% | 20.8% | 52.2% | -47.6pp | -79.0pp |
| EPS (Diluted) | $-2.88 | $2.25 | $5.44 | -228.0% | -152.9% |
| Free Cash Flow | $259M | $296M | $365M | -12.3% | -29.0% |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $339M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $372M |
| Cost & Expenses | $598M |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$299M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$151M |
| D&A | $43M |
| EBIT | $155M |
| EBITDA | $199M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$151M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $254M |
| Change in Working Capital | $95M |
| OPERATING CASH FLOW | $264M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$199M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | -$192M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$141M |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $566M |
| Short-Term Investments | $119M |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $104M |
| Goodwill | $2.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $3.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $512M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $525M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $909M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $836M |
| Retained Earnings | $3.9B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $1.8B |
| Net Debt | $1.3B |
