| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $364M | $331M | $292M | 9.7% | 24.7% |
| Op. Income | $216M | $176M | $142M | 22.5% | 51.7% |
| Gross Margin | 86.0% | 82.3% | 76.8% | 3.7pp | 9.2pp |
| Net Margin | 47.0% | 42.2% | 39.3% | 4.8pp | 7.8pp |
| EPS (Diluted) | $0.78 | $0.64 | $0.52 | 21.9% | 50.0% |
| Free Cash Flow | $211M | $180M | $114M | 17.2% | 85.6% |
| Item | Amount |
|---|---|
| REVENUE | $364M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $313M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $97M |
| Operating Expenses | $97M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $2M |
| EBIT | $232M |
| EBITDA | $234M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $364M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $313M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $97M |
| Operating Expenses | $97M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $216M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $171M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $171M |
| D&A | $2M |
| EBIT | $232M |
| EBITDA | $234M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $171M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $218M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $240M |
| Other Investing Activities | -$419M |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | -$534.0K |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $211M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $5.0B |
| Net Receivables | $105M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $87M |
| Goodwill | $15M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $68M |
| Other Non-Current Assets | $746M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $330M |
| TOTAL CURRENT LIABILITIES | $330M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $197M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $230.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$895M |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $1.1B |
| Net Debt | $983M |
