| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $138M | $117M | 5.7% | 24.6% |
| Op. Income | $53M | $48M | $45M | 9.8% | 18.7% |
| Gross Margin | 89.3% | 88.5% | 92.5% | 0.8pp | -3.1pp |
| Net Margin | 27.2% | 27.4% | 24.2% | -0.1pp | 3.0pp |
| EPS (Diluted) | $0.49 | $0.47 | $0.39 | 4.3% | 25.6% |
| Free Cash Flow | $40M | $66M | $27M | -39.7% | 49.8% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $47M |
| SG&A Expenses | $49M |
| Other Expenses | $28M |
| Operating Expenses | $77M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $53M |
| Interest Income | $122M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $7M |
| EBIT | $53M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $47M |
| SG&A Expenses | $49M |
| Other Expenses | $28M |
| Operating Expenses | $77M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $53M |
| Interest Income | $122M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $7M |
| EBIT | $53M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$165.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$257M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$161M |
| Net Debt Issuance | $118M |
| Common Stock Repurchased | -$160.0K |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $81M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $316M |
| Short-Term Investments | $2.5B |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $202M |
| Goodwill | $307M |
| Intangible Assets | $20M |
| Long-Term Investments | $8.5B |
| Tax Assets | $77M |
| Other Non-Current Assets | $372M |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $12.4B |
| Account Payables | $0 |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.0B |
| TOTAL CURRENT LIABILITIES | $10.1B |
| Long-Term Debt | $868M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $906M |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $79M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$154M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $10M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $878M |
| Net Debt | $561M |
