| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $319M | $312M | 3.6% | 6.0% |
| Op. Income | $185M | $181M | $103M | 2.3% | 79.6% |
| Gross Margin | 84.2% | 84.5% | 78.0% | -0.3pp | 6.1pp |
| Net Margin | 43.2% | 65.4% | 20.9% | -22.3pp | 22.3pp |
| EPS (Diluted) | $0.66 | $0.96 | $0.30 | -31.2% | 120.0% |
| Free Cash Flow | $183M | $175M | $284.0K | 4.8% | 64376.1% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $94M |
| Operating Expenses | $94M |
| Cost & Expenses | $146M |
| OPERATING INCOME | $185M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $3M |
| EBIT | $200M |
| EBITDA | $204M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $94M |
| Operating Expenses | $94M |
| Cost & Expenses | $146M |
| OPERATING INCOME | $185M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $185M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $3M |
| EBIT | $200M |
| EBITDA | $204M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $43M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $191M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$28.0K |
| Purchases of Investments | -$507M |
| Sales/Maturities of Investments | $385M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | -$52M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$533.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $183M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $4.5B |
| Net Receivables | $122M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $38M |
| Goodwill | $11M |
| Intangible Assets | $96M |
| Long-Term Investments | $0 |
| Tax Assets | $134M |
| Other Non-Current Assets | $820M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $353M |
| TOTAL CURRENT LIABILITIES | $353M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $164M |
| 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 | $1.6B |
| Treasury Stock | -$895M |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.0B |
| Net Debt | $925M |
