| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $290M | $282M | $270M | 3.0% | 7.4% |
| Op. Income | $232M | $238M | $184M | -2.4% | 25.7% |
| Gross Margin | 99.4% | 103.8% | 87.9% | -4.3pp | 11.5pp |
| Net Margin | 62.6% | 66.2% | 44.4% | -3.6pp | 18.2pp |
| EPS (Diluted) | $0.49 | $0.49 | $0.32 | 0.0% | 53.1% |
| Free Cash Flow | $119M | $126M | $128M | -5.6% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $289M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $232M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $14M |
| EBIT | $245M |
| EBITDA | $259M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $289M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $57M |
| Operating Expenses | $57M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $232M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | -$5M |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $14M |
| EBIT | $245M |
| EBITDA | $259M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $182M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$127M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$558M |
| Sales/Maturities of Investments | $515M |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$58.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58.0K |
| NET CASH FROM FINANCING | -$58.0K |
| FREE CASH FLOW | $119M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $5.0B |
| Other Current Assets | $874M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $50M |
| Goodwill | -$130M |
| Intangible Assets | $19M |
| Long-Term Investments | $5.0B |
| Tax Assets | $112M |
| Other Non-Current Assets | -$4.7B |
| TOTAL NON-CURRENT ASSETS | $358M |
| TOTAL ASSETS | $5.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $831M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $831M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$129M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $831M |
| Net Debt | $564M |
