| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | $292M | $303M | 9.5% | 5.4% |
| Op. Income | $181M | $142M | -$35M | 26.8% | 609.0% |
| Gross Margin | 84.5% | 76.8% | 83.8% | 7.6pp | 0.7pp |
| Net Margin | 65.4% | 39.3% | -9.0% | 26.2pp | 74.5pp |
| EPS (Diluted) | $0.96 | $0.52 | $-0.13 | 84.6% | 838.5% |
| Free Cash Flow | $175M | $114M | $117M | 53.6% | 49.7% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $270M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $89M |
| Operating Expenses | $89M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $3M |
| EBIT | $196M |
| EBITDA | $199M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $270M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $89M |
| Operating Expenses | $89M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $209M |
| D&A | $3M |
| EBIT | $196M |
| EBITDA | $199M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$373.0K |
| Purchases of Investments | -$546M |
| Sales/Maturities of Investments | $296M |
| Other Investing Activities | $201.0K |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | $90M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$533.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $4.3B |
| Net Receivables | $108M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $90M |
| Goodwill | $11M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $171M |
| Other Non-Current Assets | $875M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $332M |
| TOTAL CURRENT LIABILITIES | $332M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $207M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $231.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$895M |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $1.0B |
| Net Debt | $933M |
