| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $134M | $116M | 2.2% | 18.0% |
| Op. Income | $47M | $41M | $35M | 15.1% | 33.2% |
| Gross Margin | 90.2% | 90.4% | 91.9% | -0.3pp | -1.7pp |
| Net Margin | 12.0% | 19.7% | 20.4% | -7.7pp | -8.3pp |
| EPS (Diluted) | $0.33 | $0.53 | $0.55 | -37.7% | -40.0% |
| Free Cash Flow | $148M | $40M | $34M | 266.0% | 329.6% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $55M |
| SG&A Expenses | $57M |
| Other Expenses | $19M |
| Operating Expenses | $77M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $47M |
| Interest Income | $105M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $1M |
| EBIT | $47M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $55M |
| SG&A Expenses | $57M |
| Other Expenses | $19M |
| Operating Expenses | $77M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $47M |
| Interest Income | $105M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $1M |
| EBIT | $47M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | $101M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $149M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $484M |
| Other Investing Activities | -$164M |
| NET CASH FROM INVESTING | $301M |
| Net Debt Issuance | -$295M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$196M |
| NET CASH FROM FINANCING | -$501M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $281M |
| Short-Term Investments | $671M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $183M |
| Goodwill | $611M |
| Intangible Assets | $64M |
| Long-Term Investments | $7.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $336M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $0 |
| Short-Term Debt | $90M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.9B |
| TOTAL CURRENT LIABILITIES | $8.0B |
| Long-Term Debt | $208M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $304M |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $250M |
| Additional Paid-In Capital | $898M |
| Retained Earnings | $397M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $297M |
| Net Debt | $16M |
