| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $266M | $272M | $261M | -2.1% | 1.9% |
| Op. Income | $180M | $245M | $174M | -26.7% | 3.5% |
| Gross Margin | 90.1% | 110.2% | 88.6% | -20.1pp | 1.5pp |
| Net Margin | 54.0% | 10.1% | 34.4% | 44.0pp | 19.6pp |
| EPS (Diluted) | $0.38 | $0.07 | $0.24 | 442.9% | 58.3% |
| Free Cash Flow | $129M | $146M | $73M | -12.0% | 75.3% |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $180M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $16M |
| EBIT | $193M |
| EBITDA | $209M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $239M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $180M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $16M |
| EBIT | $193M |
| EBITDA | $209M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | -$8M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $54M |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $166M |
| Other Investing Activities | -$54M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $129M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $5.0B |
| Other Current Assets | $924M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $48M |
| Goodwill | -$231M |
| Intangible Assets | $19M |
| Long-Term Investments | $4.9B |
| Tax Assets | $212M |
| Other Non-Current Assets | -$4.5B |
| TOTAL NON-CURRENT ASSETS | $449M |
| TOTAL ASSETS | $5.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $831M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $831M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$108M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $831M |
| Net Debt | $653M |
