| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $2.8B | 0.7% | 1.5% |
| Op. Income | $385M | $407M | $411M | -5.3% | -6.2% |
| Gross Margin | 89.4% | 95.1% | 91.3% | -5.7pp | -2.0pp |
| Net Margin | 9.4% | 8.9% | 8.9% | 0.5pp | 0.5pp |
| EPS (Diluted) | $1.19 | $1.12 | $1.07 | 6.2% | 11.2% |
| Free Cash Flow | $247M | $210M | $336M | 17.3% | -26.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $302M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $7.1B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $385M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $1.4B |
| INCOME BEFORE TAX | $345M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $267M |
| D&A | -$385M |
| EBIT | $385M |
| EBITDA | -$40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $302M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $202M |
| Other Expenses | $7.1B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $385M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | $1.4B |
| INCOME BEFORE TAX | $345M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $267M |
| D&A | -$385M |
| EBIT | $385M |
| EBITDA | -$40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $267M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$132M |
| Change in Working Capital | $98M |
| OPERATING CASH FLOW | $288M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$975M |
| Sales/Maturities of Investments | -$170M |
| Other Investing Activities | -$70M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$95M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$169M |
| FREE CASH FLOW | $247M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $77M |
| PP&E (Net) | $505M |
| Goodwill | $339M |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $60.9B |
| TOTAL NON-CURRENT ASSETS | $63.9B |
| TOTAL ASSETS | $64.0B |
| Account Payables | $0 |
| Short-Term Debt | $200M |
| Deferred Revenue | $122M |
| Other Current Liabilities | -$321M |
| TOTAL CURRENT LIABILITIES | $321M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $9.5B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | $128M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $2.7B |
| Net Debt | $2.7B |
