| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $256M | $229M | 6.8% | 19.5% |
| Op. Income | $118M | $110M | $100M | 7.6% | 18.8% |
| Gross Margin | 75.3% | 77.3% | 84.3% | -1.9pp | -9.0pp |
| Net Margin | 34.3% | 33.9% | 28.2% | 0.3pp | 6.1pp |
| EPS (Diluted) | $1.21 | $1.12 | $0.83 | 8.0% | 45.8% |
| Free Cash Flow | $104M | $124M | $19M | -16.1% | 451.3% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $206M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $69M |
| SG&A Expenses | $72M |
| Other Expenses | $15M |
| Operating Expenses | $88M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $118M |
| Interest Income | $248M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | -$8M |
| EBIT | $118M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $206M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $69M |
| SG&A Expenses | $72M |
| Other Expenses | $15M |
| Operating Expenses | $88M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $118M |
| Interest Income | $248M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | -$8M |
| EBIT | $118M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | -$8M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$369M |
| Sales/Maturities of Investments | $102M |
| Other Investing Activities | -$412M |
| NET CASH FROM INVESTING | -$683M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $551M |
| NET CASH FROM FINANCING | $479M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $540M |
| Short-Term Investments | $3.0B |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $268M |
| Goodwill | $1.8B |
| Intangible Assets | $49M |
| Long-Term Investments | $17.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $956M |
| TOTAL NON-CURRENT ASSETS | $20.9B |
| TOTAL ASSETS | $24.6B |
| Account Payables | $21M |
| Short-Term Debt | $130M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.4B |
| TOTAL CURRENT LIABILITIES | $18.6B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $20.7B |
| Common Stock | $78M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $750M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $24.6B |
| Total Debt | $2.1B |
| Net Debt | $1.6B |
