| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $262M | $253M | $208M | 3.5% | 26.1% |
| Op. Income | $95M | $89M | $75M | 7.2% | 27.3% |
| Gross Margin | 84.4% | 78.9% | 87.3% | 5.5pp | -2.9pp |
| Net Margin | 17.1% | 23.2% | 23.3% | -6.1pp | -6.2pp |
| EPS (Diluted) | $0.84 | $1.12 | $0.96 | -25.0% | -12.5% |
| Free Cash Flow | -$13M | -$54M | -$300M | 76.5% | 95.8% |
| Item | Amount |
|---|---|
| REVENUE | $262M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $83M |
| SG&A Expenses | $92M |
| Other Expenses | $34M |
| Operating Expenses | $126M |
| Cost & Expenses | $167M |
| OPERATING INCOME | $95M |
| Interest Income | $250M |
| Interest Expense | $39M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $8M |
| EBIT | $95M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $262M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $83M |
| SG&A Expenses | $92M |
| Other Expenses | $34M |
| Operating Expenses | $126M |
| Cost & Expenses | $167M |
| OPERATING INCOME | $95M |
| Interest Income | $250M |
| Interest Expense | $39M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $95M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $8M |
| EBIT | $95M |
| EBITDA | $103M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$395.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$204M |
| NET CASH FROM INVESTING | -$207M |
| Net Debt Issuance | $300M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $323M |
| NET CASH FROM FINANCING | $621M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $404M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $24M |
| Net Receivables | $516M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $25M |
| Goodwill | $15M |
| Intangible Assets | $89M |
| Long-Term Investments | $21.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $21.7B |
| TOTAL ASSETS | $25.1B |
| Account Payables | $8M |
| Short-Term Debt | $365M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19.1B |
| TOTAL CURRENT LIABILITIES | $19.5B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $22.9B |
| Common Stock | $496.0K |
| Additional Paid-In Capital | $961M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$8.0K |
| Accum. Other Comp. Income | $428.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $25.1B |
| Total Debt | $3.6B |
| Net Debt | $684M |
