| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $470M | $451M | $349M | 4.2% | 34.6% |
| Op. Income | $150M | $167M | $115M | -10.4% | 30.0% |
| Gross Margin | 60.7% | 64.8% | 64.9% | -4.1pp | -4.2pp |
| Net Margin | 23.4% | 28.0% | 20.2% | -4.6pp | 3.1pp |
| EPS (Diluted) | $0.25 | $0.29 | $0.16 | -13.8% | 56.3% |
| Free Cash Flow | -$65M | -$14M | -$102M | -361.5% | 36.0% |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $67M |
| Operating Expenses | $135M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $150M |
| Interest Income | $462M |
| Interest Expense | $121M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $3M |
| EBIT | $150M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $285M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $67M |
| Operating Expenses | $135M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $150M |
| Interest Income | $462M |
| Interest Expense | $121M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $3M |
| EBIT | $150M |
| EBITDA | $153M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$298M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$97M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $471M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $249M |
| NET CASH FROM FINANCING | $716M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | $603M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $178M |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $20.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $305M |
| TOTAL NON-CURRENT ASSETS | $20.7B |
| TOTAL ASSETS | $24.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.0B |
| TOTAL CURRENT LIABILITIES | $17.0B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $267M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $90M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$141M |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $24.2B |
| Total Debt | $4.2B |
| Net Debt | $2.2B |
