| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $335M | $392M | $306M | -14.5% | 9.8% |
| Op. Income | $34M | $63M | $28M | -45.9% | 22.3% |
| Gross Margin | 64.7% | 68.4% | 62.1% | -3.7pp | 2.5pp |
| Net Margin | 7.0% | 20.2% | 5.7% | -13.2pp | 1.4pp |
| EPS (Diluted) | $0.37 | $1.27 | $0.28 | -70.9% | 32.1% |
| Free Cash Flow | $124M | $71M | $115M | 73.7% | 7.2% |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $217M |
| R&D Expenses | $46M |
| Selling & Marketing | $90M |
| General & Administrative | $36M |
| SG&A Expenses | $126M |
| Other Expenses | $11M |
| Operating Expenses | $183M |
| Cost & Expenses | $301M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $38M |
| EBIT | $34M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $217M |
| R&D Expenses | $46M |
| Selling & Marketing | $90M |
| General & Administrative | $36M |
| SG&A Expenses | $126M |
| Other Expenses | $11M |
| Operating Expenses | $183M |
| Cost & Expenses | $301M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $38M |
| EBIT | $34M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $67M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $134M |
| Net Receivables | $232M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $780M |
| PP&E (Net) | $120M |
| Goodwill | $1.3B |
| Intangible Assets | $525M |
| Long-Term Investments | $178M |
| Tax Assets | $32M |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $235M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $567M |
| Long-Term Debt | $450M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $606M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $450M |
| Net Debt | $115M |
