| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $770M | $767M | $731M | 0.3% | 5.3% |
| Op. Income | $118M | $120M | $83M | -1.0% | 42.2% |
| Gross Margin | 95.2% | 96.6% | 97.7% | -1.4pp | -2.6pp |
| Net Margin | 11.3% | 11.6% | 7.2% | -0.2pp | 4.1pp |
| EPS (Diluted) | $0.69 | $0.71 | $0.42 | -2.8% | 64.3% |
| Free Cash Flow | $149M | -$376M | $266M | 139.7% | -43.9% |
| Item | Amount |
|---|---|
| REVENUE | $770M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $733M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $442M |
| SG&A Expenses | $442M |
| Other Expenses | $172M |
| Operating Expenses | $614M |
| Cost & Expenses | $652M |
| OPERATING INCOME | $118M |
| Interest Income | $154M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $10M |
| EBIT | $118M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $770M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $733M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $442M |
| SG&A Expenses | $442M |
| Other Expenses | $172M |
| Operating Expenses | $614M |
| Cost & Expenses | $652M |
| OPERATING INCOME | $118M |
| Interest Income | $154M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $10M |
| EBIT | $118M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $157M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$903M |
| Sales/Maturities of Investments | $439M |
| Other Investing Activities | -$275M |
| NET CASH FROM INVESTING | -$746M |
| Net Debt Issuance | -$140M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $897M |
| NET CASH FROM FINANCING | $703M |
| FREE CASH FLOW | $149M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $472M |
| Short-Term Investments | $3.5B |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $154M |
| Goodwill | $984M |
| Intangible Assets | $116M |
| Long-Term Investments | $13.8B |
| Tax Assets | $108M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $16.5B |
| TOTAL ASSETS | $22.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.9B |
| TOTAL CURRENT LIABILITIES | $17.2B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $397M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $19.7B |
| Common Stock | $11M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$65M |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $22.6B |
| Total Debt | $3.5B |
| Net Debt | $3.1B |
