| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $451M | $377M | $335M | 19.4% | 34.4% |
| Op. Income | $167M | $113M | $146M | 47.8% | 14.6% |
| Gross Margin | 64.8% | 61.4% | 74.2% | 3.4pp | -9.3pp |
| Net Margin | 28.0% | 12.5% | 28.3% | 15.6pp | -0.3pp |
| EPS (Diluted) | $0.29 | $0.11 | $0.22 | 163.6% | 31.8% |
| Free Cash Flow | -$14M | -$46M | -$4M | 68.9% | -291.9% |
| Item | Amount |
|---|---|
| REVENUE | $451M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $48M |
| Operating Expenses | $125M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $167M |
| Interest Income | $437M |
| Interest Expense | $105M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $3M |
| EBIT | $167M |
| EBITDA | $170M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $451M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $48M |
| Operating Expenses | $125M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $167M |
| Interest Income | $437M |
| Interest Expense | $105M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $167M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $3M |
| EBIT | $167M |
| EBITDA | $170M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $126M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$256M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $468M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $229M |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $97M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $20.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $304M |
| TOTAL NON-CURRENT ASSETS | $20.5B |
| TOTAL ASSETS | $23.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.7B |
| TOTAL CURRENT LIABILITIES | $16.7B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $320M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $20.8B |
| Common Stock | $90M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $990M |
| Treasury Stock | -$139M |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $23.4B |
| Total Debt | $3.7B |
| Net Debt | $2.3B |
