| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408M | $386M | $369M | 5.8% | 10.7% |
| Op. Income | $107M | $99M | $98M | 7.8% | 9.0% |
| Gross Margin | 55.2% | 54.6% | 54.4% | 0.7pp | 0.8pp |
| Net Margin | 29.9% | 26.4% | 24.0% | 3.6pp | 5.9pp |
| EPS (Diluted) | $0.75 | $0.63 | $0.55 | 19.0% | 36.4% |
| Free Cash Flow | $126M | $106M | $120M | 18.5% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $225M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $53M |
| Operating Expenses | $119M |
| Cost & Expenses | $301M |
| OPERATING INCOME | $107M |
| Interest Income | $2M |
| Interest Expense | $210.0K |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $17M |
| EBIT | $153M |
| EBITDA | $170M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $225M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $53M |
| Operating Expenses | $119M |
| Cost & Expenses | $301M |
| OPERATING INCOME | $107M |
| Interest Income | $2M |
| Interest Expense | $210.0K |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $17M |
| EBIT | $153M |
| EBITDA | $170M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$103.0K |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$355.0K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $744M |
| Short-Term Investments | $22M |
| Net Receivables | $339M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $146M |
| Goodwill | $53M |
| Intangible Assets | $339M |
| Long-Term Investments | $154M |
| Tax Assets | $3M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $714M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $377M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $467M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $30M |
| Net Debt | -$714M |
