| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.5B | 8.4% | 11.5% |
| Op. Income | $355M | $60M | $191M | 495.1% | 86.0% |
| Gross Margin | 21.5% | 5.2% | 13.6% | 16.3pp | 7.9pp |
| Net Margin | 17.4% | 2.9% | 8.5% | 14.5pp | 8.8pp |
| EPS (Diluted) | $1.01 | $0.17 | $0.46 | 494.1% | 119.6% |
| Free Cash Flow | -$69M | $263M | $235M | -126.3% | -129.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $372M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $17M |
| Operating Expenses | $17M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $355M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $300M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $300M |
| Net Income Deductions | -$14M |
| BOTTOM LINE NET INCOME | $314M |
| D&A | $0 |
| EBIT | $369M |
| EBITDA | $369M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $372M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $17M |
| Operating Expenses | $17M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $355M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $355M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $300M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $300M |
| Net Income Deductions | -$14M |
| BOTTOM LINE NET INCOME | $314M |
| D&A | $0 |
| EBIT | $369M |
| EBITDA | $369M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $300M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | -$138M |
| Change in Working Capital | -$219M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$829M |
| Sales/Maturities of Investments | $932M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$51M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.1B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $293M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $298M |
| Long-Term Investments | $3.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $19.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$554M |
| TOTAL CURRENT LIABILITIES | $548M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $12.6B |
| TOTAL NON-CURRENT LIABILITIES | $14.7B |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $269M |
| Additional Paid-In Capital | $815M |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $474M |
| Other Equity | -$32M |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $19.4B |
| Total Debt | $1.4B |
| Net Debt | -$8.7B |
