| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $197M | $190M | -0.0% | 3.5% |
| Op. Income | $102M | $101M | $102M | 1.6% | 0.0% |
| Gross Margin | 91.0% | 88.2% | 93.2% | 2.7pp | -2.3pp |
| Net Margin | 34.1% | 34.5% | 36.2% | -0.4pp | -2.1pp |
| EPS (Diluted) | $0.97 | $0.98 | $0.99 | -1.0% | -2.0% |
| Free Cash Flow | $40M | $135M | -$19M | -70.6% | 308.5% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $49M |
| SG&A Expenses | $52M |
| Other Expenses | $25M |
| Operating Expenses | $77M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $102M |
| Interest Income | $172M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $5M |
| EBIT | $102M |
| EBITDA | $107M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $179M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $49M |
| SG&A Expenses | $52M |
| Other Expenses | $25M |
| Operating Expenses | $77M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $102M |
| Interest Income | $172M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $5M |
| EBIT | $102M |
| EBITDA | $107M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$682M |
| Sales/Maturities of Investments | $409M |
| Other Investing Activities | -$101M |
| NET CASH FROM INVESTING | -$379M |
| Net Debt Issuance | -$455M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $904M |
| NET CASH FROM FINANCING | $423M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $218M |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $666M |
| PP&E (Net) | $257M |
| Goodwill | $1.9B |
| Intangible Assets | $39M |
| Long-Term Investments | $19.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $334M |
| TOTAL NON-CURRENT ASSETS | $21.9B |
| TOTAL ASSETS | $22.6B |
| Account Payables | $3M |
| Short-Term Debt | $824M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.8B |
| TOTAL CURRENT LIABILITIES | $18.6B |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $18.8B |
| Common Stock | $69M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$113.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $22.6B |
| Total Debt | $829M |
| Net Debt | $438M |
