| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $192M | $190M | 2.7% | 3.6% |
| Op. Income | $101M | $101M | $102M | -0.3% | -1.7% |
| Gross Margin | 88.2% | 90.3% | 93.5% | -2.1pp | -5.3pp |
| Net Margin | 34.5% | 35.8% | 36.1% | -1.3pp | -1.6pp |
| EPS (Diluted) | $0.98 | $0.99 | $0.99 | -1.0% | -1.0% |
| Free Cash Flow | $135M | $61M | $125M | 121.6% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $25M |
| Operating Expenses | $73M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $101M |
| Interest Income | $172M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $5M |
| EBIT | $100M |
| EBITDA | $105M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $25M |
| Operating Expenses | $73M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $101M |
| Interest Income | $172M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $5M |
| EBIT | $100M |
| EBITDA | $105M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$304M |
| Sales/Maturities of Investments | $464M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | $116M |
| Net Debt Issuance | -$75M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$175M |
| NET CASH FROM FINANCING | -$273M |
| FREE CASH FLOW | $135M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $302M |
| Short-Term Investments | $234M |
| Net Receivables | $53M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $589M |
| PP&E (Net) | $256M |
| Goodwill | $1.9B |
| Intangible Assets | $40M |
| Long-Term Investments | $19.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $356M |
| TOTAL NON-CURRENT ASSETS | $21.6B |
| TOTAL ASSETS | $22.1B |
| Account Payables | $3M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.9B |
| TOTAL CURRENT LIABILITIES | $18.2B |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $156M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $18.4B |
| Common Stock | $69M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $22.1B |
| Total Debt | $1.3B |
| Net Debt | $993M |
