| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.3B | $2.6B | 12.6% | 40.4% |
| Op. Income | $447M | $245M | $257M | 82.1% | 73.8% |
| Gross Margin | 40.7% | 35.9% | 37.2% | 4.8pp | 3.5pp |
| Net Margin | 7.8% | 5.6% | 6.8% | 2.2pp | 1.1pp |
| EPS (Diluted) | $0.06 | $0.04 | $0.04 | 56.1% | 60.0% |
| Free Cash Flow | -$285M | -$520M | -$422M | 45.3% | 32.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $301M |
| Selling & Marketing | $479M |
| General & Administrative | $278M |
| SG&A Expenses | $757M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $447M |
| Interest Income | $0 |
| Interest Expense | $147M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $1.8B |
| EBIT | $447M |
| EBITDA | $2.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $301M |
| Selling & Marketing | $479M |
| General & Administrative | $278M |
| SG&A Expenses | $757M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $447M |
| Interest Income | $0 |
| Interest Expense | $147M |
| Other Income/Expenses | -$147M |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $1.8B |
| EBIT | $447M |
| EBITDA | $2.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $1.8B |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | -$2.6B |
| Change in Working Capital | $206M |
| OPERATING CASH FLOW | -$237M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$321.0K |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$285M |
| Net Change in Cash | -$223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $5.2B |
| TOTAL CURRENT ASSETS | $7.8B |
| PP&E (Net) | $342M |
| Goodwill | $0 |
| Intangible Assets | $11.3B |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $674M |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $20.2B |
| Account Payables | $436M |
| Short-Term Debt | $0 |
| Deferred Revenue | $674M |
| Other Current Liabilities | $4.5B |
| TOTAL CURRENT LIABILITIES | $6.0B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.1B |
| TOTAL LIABILITIES | $16.1B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $20.2B |
| Total Debt | $6.5B |
| Net Debt | $3.9B |
