| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $728M | $731M | $651M | -0.5% | 11.8% |
| Op. Income | $108M | $83M | $28M | 30.0% | 286.5% |
| Gross Margin | 97.6% | 97.7% | 97.0% | -0.1pp | 0.6pp |
| Net Margin | 9.1% | 7.2% | 2.7% | 1.9pp | 6.4pp |
| EPS (Diluted) | $0.53 | $0.42 | $0.14 | 26.2% | 278.6% |
| Free Cash Flow | $353M | $266M | $245M | 32.7% | 43.9% |
| Item | Amount |
|---|---|
| REVENUE | $728M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $710M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $448M |
| SG&A Expenses | $448M |
| Other Expenses | $153M |
| Operating Expenses | $602M |
| Cost & Expenses | $619M |
| OPERATING INCOME | $108M |
| Interest Income | $118M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $13M |
| EBIT | $108M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $728M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $710M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $448M |
| SG&A Expenses | $448M |
| Other Expenses | $153M |
| Operating Expenses | $602M |
| Cost & Expenses | $619M |
| OPERATING INCOME | $108M |
| Interest Income | $118M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $13M |
| EBIT | $108M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$73M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $318M |
| OPERATING CASH FLOW | $357M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$673M |
| Sales/Maturities of Investments | $207M |
| Other Investing Activities | -$631M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | $10M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $711M |
| NET CASH FROM FINANCING | $675M |
| FREE CASH FLOW | $353M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $589M |
| Short-Term Investments | $3.7B |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $175M |
| Goodwill | $969M |
| Intangible Assets | $112M |
| Long-Term Investments | $12.1B |
| Tax Assets | $205M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $14.6B |
| TOTAL ASSETS | $20.5B |
| Account Payables | $1.6B |
| Short-Term Debt | $905M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.9B |
| TOTAL CURRENT LIABILITIES | $15.4B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $408M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $17.6B |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$59M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $20.5B |
| Total Debt | $2.6B |
| Net Debt | $2.0B |
