| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $775M | $770M | $728M | 0.7% | 6.6% |
| Op. Income | $141M | $118M | $108M | 18.7% | 30.0% |
| Gross Margin | 93.7% | 95.2% | 97.6% | -1.4pp | -3.8pp |
| Net Margin | 13.4% | 11.3% | 9.1% | 2.1pp | 4.2pp |
| EPS (Diluted) | $0.83 | $0.69 | $0.53 | 20.3% | 56.6% |
| Free Cash Flow | $161M | $149M | $353M | 7.6% | -54.5% |
| Item | Amount |
|---|---|
| REVENUE | $775M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $727M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $422M |
| SG&A Expenses | $422M |
| Other Expenses | $164M |
| Operating Expenses | $586M |
| Cost & Expenses | $635M |
| OPERATING INCOME | $141M |
| Interest Income | $170M |
| Interest Expense | $48M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $141M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $10M |
| EBIT | $141M |
| EBITDA | $151M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $775M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $727M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $422M |
| SG&A Expenses | $422M |
| Other Expenses | $164M |
| Operating Expenses | $586M |
| Cost & Expenses | $635M |
| OPERATING INCOME | $141M |
| Interest Income | $170M |
| Interest Expense | $48M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $141M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $10M |
| EBIT | $141M |
| EBITDA | $151M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $104M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$112M |
| Change in Working Capital | $143M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $30M |
| Purchases of Investments | -$278M |
| Sales/Maturities of Investments | $423M |
| Other Investing Activities | -$406M |
| NET CASH FROM INVESTING | -$237M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $181M |
| NET CASH FROM FINANCING | $203M |
| FREE CASH FLOW | $161M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $694M |
| Short-Term Investments | $3.3B |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $298M |
| Goodwill | $1.0B |
| Intangible Assets | $119M |
| Long-Term Investments | $14.7B |
| Tax Assets | $117M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $17.6B |
| TOTAL ASSETS | $23.8B |
| Account Payables | $1.9B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.5B |
| TOTAL CURRENT LIABILITIES | $17.8B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $471M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $20.6B |
| Common Stock | $11M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $23.8B |
| Total Debt | $3.7B |
| Net Debt | $3.0B |
