| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $372M | $349M | $296M | 6.7% | 26.0% |
| Op. Income | $117M | $115M | $105M | 1.4% | 11.9% |
| Gross Margin | 62.6% | 64.9% | 69.2% | -2.3pp | -6.5pp |
| Net Margin | 20.5% | 20.2% | 19.3% | 0.3pp | 1.2pp |
| EPS (Diluted) | $0.17 | $0.16 | $0.13 | 6.3% | 30.8% |
| Free Cash Flow | -$16M | -$102M | -$33M | 84.6% | 52.0% |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $58M |
| Operating Expenses | $116M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $117M |
| Interest Income | $366M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $3M |
| EBIT | $117M |
| EBITDA | $120M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $59M |
| SG&A Expenses | $59M |
| Other Expenses | $58M |
| Operating Expenses | $116M |
| Cost & Expenses | $255M |
| OPERATING INCOME | $117M |
| Interest Income | $366M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $3M |
| EBIT | $117M |
| EBITDA | $120M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | $62M |
| Change in Working Capital | -$204M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $165M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $233M |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $89M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $18.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $226M |
| TOTAL NON-CURRENT ASSETS | $18.3B |
| TOTAL ASSETS | $21.0B |
| Account Payables | $0 |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.3B |
| TOTAL CURRENT LIABILITIES | $15.6B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $88M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $824M |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $21.0B |
| Total Debt | $3.0B |
| Net Debt | $1.8B |
