| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $81M | $95M | 31.5% | 11.9% |
| Op. Income | $69M | $47M | $48M | 47.1% | 44.0% |
| Gross Margin | 74.2% | 68.6% | 61.6% | 5.6pp | 12.6pp |
| Net Margin | 34.2% | 34.8% | 30.2% | -0.6pp | 4.0pp |
| EPS (Diluted) | $0.47 | $0.35 | $0.38 | 34.3% | 23.7% |
| Free Cash Flow | -$714M | $122M | -$108M | -682.7% | -559.6% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $79M |
| R&D Expenses | $345.0K |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $69M |
| Interest Income | $52M |
| Interest Expense | $40M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $0 |
| EBIT | $42M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $79M |
| R&D Expenses | $345.0K |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $69M |
| Interest Income | $52M |
| Interest Expense | $40M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $0 |
| EBIT | $42M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$752M |
| Change in Working Capital | -$25.0K |
| OPERATING CASH FLOW | -$714M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$280M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | -$182M |
| Net Debt Issuance | $531M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $360M |
| NET CASH FROM FINANCING | $857M |
| FREE CASH FLOW | -$714M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $39M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | -$4M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $58M |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $988M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $997M |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $610.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $5.0B |
| Net Debt | $4.9B |
