| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $409M | $405M | $386M | 1.0% | 5.9% |
| Op. Income | $112M | $110M | $99M | 1.9% | 13.3% |
| Gross Margin | 55.8% | 55.4% | 54.6% | 0.4pp | 1.3pp |
| Net Margin | 31.4% | 30.1% | 26.4% | 1.3pp | 5.0pp |
| EPS (Diluted) | $0.80 | $0.75 | $0.63 | 6.7% | 27.0% |
| Free Cash Flow | $137M | $140M | $106M | -1.9% | 29.3% |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $58M |
| SG&A Expenses | $58M |
| Other Expenses | $58M |
| Operating Expenses | $116M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $112M |
| Interest Income | $3M |
| Interest Expense | $122.0K |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $20M |
| EBIT | $112M |
| EBITDA | $132M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $228M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $58M |
| SG&A Expenses | $58M |
| Other Expenses | $58M |
| Operating Expenses | $116M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $112M |
| Interest Income | $3M |
| Interest Expense | $122.0K |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $20M |
| EBIT | $112M |
| EBITDA | $132M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$92M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $742M |
| Short-Term Investments | $29M |
| Net Receivables | $382M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $146M |
| Goodwill | $64M |
| Intangible Assets | $343M |
| Long-Term Investments | $135M |
| Tax Assets | $2M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $746M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $222M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $60M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $557M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $0 |
| Net Debt | -$742M |
