| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $300M | $253M | 7.8% | 27.8% |
| Op. Income | $109M | $90M | $89M | 20.8% | 22.6% |
| Gross Margin | 74.4% | 72.6% | 78.9% | 1.8pp | -4.5pp |
| Net Margin | 26.5% | 23.8% | 23.2% | 2.7pp | 3.3pp |
| EPS (Diluted) | $1.65 | $1.38 | $1.12 | 19.6% | 47.3% |
| Free Cash Flow | -$243M | -$175M | -$54M | -38.7% | -353.5% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $91M |
| SG&A Expenses | $102M |
| Other Expenses | $30M |
| Operating Expenses | $132M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $109M |
| Interest Income | $302M |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $9M |
| EBIT | $109M |
| EBITDA | $117M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $91M |
| SG&A Expenses | $102M |
| Other Expenses | $30M |
| Operating Expenses | $132M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $109M |
| Interest Income | $302M |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $9M |
| EBIT | $109M |
| EBITDA | $117M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$405M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | -$242M |
| Capital Expenditure | -$443.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $446M |
| NET CASH FROM INVESTING | $351M |
| Net Debt Issuance | -$800M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$786M |
| FREE CASH FLOW | -$243M |
| Net Change in Cash | -$678M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $117M |
| Net Receivables | $587M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $24M |
| Goodwill | $19M |
| Intangible Assets | $86M |
| Long-Term Investments | $23.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $27.1B |
| Account Payables | $17M |
| Short-Term Debt | $487M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.4B |
| TOTAL CURRENT LIABILITIES | $20.9B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $216M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $24.7B |
| Common Stock | $502.0K |
| Additional Paid-In Capital | $965M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$8.0K |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $4.1B |
| Net Debt | $1.3B |
