| Metric | Q2 2017 | Q1 2017 | Q2 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | $261M | $264M | 0.9% | -0.1% |
| Op. Income | $181M | $174M | $165M | 3.8% | 9.3% |
| Gross Margin | 88.6% | 88.6% | 81.5% | 0.1pp | 7.2pp |
| Net Margin | 45.0% | 34.4% | 41.4% | 10.6pp | 3.6pp |
| EPS (Diluted) | $0.31 | $0.24 | $0.26 | 29.2% | 19.2% |
| Free Cash Flow | $42M | $73M | $49M | -42.2% | -13.0% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $53M |
| Operating Expenses | $53M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $62M |
| 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 | $16M |
| EBIT | $195M |
| EBITDA | $211M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $53M |
| Operating Expenses | $53M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $62M |
| 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 | $16M |
| EBIT | $195M |
| EBITDA | $211M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $57M |
| Other Non-Cash Items | $107.0K |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$358M |
| Sales/Maturities of Investments | $317M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$300M |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$300M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | -$299M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $4.8B |
| Other Current Assets | $565M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $42M |
| Goodwill | -$500M |
| Intangible Assets | $19M |
| Long-Term Investments | $4.7B |
| Tax Assets | $481M |
| Other Non-Current Assets | -$4.0B |
| TOTAL NON-CURRENT ASSETS | $720M |
| TOTAL ASSETS | $5.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $830M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $830M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $819M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $830M |
| Net Debt | $702M |
