| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $399M | — | $267M | — | 49.6% |
| Op. Income | $134M | — | $91M | — | 48.1% |
| Gross Margin | 51.8% | — | 54.6% | — | -2.8pp |
| Net Margin | 29.8% | — | 30.6% | — | -0.8pp |
| EPS (Diluted) | $0.58 | — | $0.40 | — | 44.2% |
| Free Cash Flow | $110M | — | $89M | — | 24.0% |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $207M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $1 |
| Operating Expenses | $73M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $134M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $5M |
| EBIT | $134M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $207M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $1 |
| Operating Expenses | $73M |
| Cost & Expenses | $265M |
| OPERATING INCOME | $134M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $5M |
| EBIT | $134M |
| EBITDA | $139M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $918 |
| Purchases of Investments | -$533M |
| Sales/Maturities of Investments | $346M |
| Other Investing Activities | -$211M |
| NET CASH FROM INVESTING | -$408M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$714.5K |
| NET CASH FROM FINANCING | -$706.4K |
| FREE CASH FLOW | $110M |
| Net Change in Cash | -$271M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $532M |
| Net Receivables | $36M |
| Inventory | $121M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $995M |
| PP&E (Net) | $41M |
| Goodwill | $3M |
| Intangible Assets | $7M |
| Long-Term Investments | $46M |
| Tax Assets | $6M |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $332M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $76M |
| Short-Term Debt | $0 |
| Deferred Revenue | $72M |
| Other Current Liabilities | -$13M |
| TOTAL CURRENT LIABILITIES | $213M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $219M |
| Common Stock | $40.4K |
| Additional Paid-In Capital | $666M |
| Retained Earnings | $459M |
| Treasury Stock | -$59M |
| Accum. Other Comp. Income | $39M |
| Other Equity | $3M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $2M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$294M |
