| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.6B | 9.1% | 11.7% |
| Op. Income | $335M | $247M | $60M | 35.9% | 462.1% |
| Gross Margin | 19.6% | 16.1% | 5.2% | 3.5pp | 14.4pp |
| Net Margin | 15.5% | 12.1% | 2.9% | 3.3pp | 12.6pp |
| EPS (Diluted) | $0.92 | $0.66 | $0.17 | 39.4% | 441.2% |
| Free Cash Flow | $310M | $157M | $263M | 98.0% | 17.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $335M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $100.0K |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $275M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $275M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $275M |
| D&A | $0 |
| EBIT | $345M |
| EBITDA | $345M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $335M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $100.0K |
| INCOME BEFORE TAX | $335M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $275M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $275M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $275M |
| D&A | $0 |
| EBIT | $345M |
| EBITDA | $345M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $275M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$161M |
| Change in Working Capital | $174M |
| OPERATING CASH FLOW | $310M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$572M |
| Sales/Maturities of Investments | $342M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$248M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $310M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.8B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $317M |
| Long-Term Investments | $3.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$317M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$400M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $981M |
| Deferred Revenue NC | -$1.0B |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $13.3B |
| TOTAL NON-CURRENT LIABILITIES | $14.4B |
| TOTAL LIABILITIES | $14.5B |
| Common Stock | $303M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$218M |
| Other Equity | -$64M |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $981M |
| Net Debt | -$8.8B |
