| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $267M | $259M | -2.1% | 0.9% |
| Op. Income | $174M | $162M | $104M | 7.4% | 67.8% |
| Gross Margin | 88.6% | 81.0% | 66.4% | 7.5pp | 22.2pp |
| Net Margin | 34.4% | 40.3% | 26.8% | -5.9pp | 7.7pp |
| EPS (Diluted) | $0.24 | $0.28 | $0.17 | -14.3% | 41.2% |
| Free Cash Flow | $73M | $182M | -$58M | -59.7% | 225.7% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $17M |
| EBIT | $190M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $231M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $90M |
| Net Income Deductions | -$6M |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $17M |
| EBIT | $190M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $90M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | -$7M |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$56M |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $244M |
| Other Investing Activities | $56M |
| NET CASH FROM INVESTING | $52M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $142M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $272M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $427M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $4.7B |
| Other Current Assets | $861M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $38M |
| Goodwill | -$571M |
| Intangible Assets | $18M |
| Long-Term Investments | $4.6B |
| Tax Assets | $552M |
| Other Non-Current Assets | -$3.9B |
| TOTAL NON-CURRENT ASSETS | $783M |
| TOTAL ASSETS | $5.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $360M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $723M |
| Treasury Stock | -$150M |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.3B |
| Net Debt | $902M |
