| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $263M | $226M | 1.5% | 18.3% |
| Op. Income | $119M | $130M | $118M | -8.8% | 0.7% |
| Gross Margin | 86.1% | 87.7% | 90.6% | -1.6pp | -4.5pp |
| Net Margin | 41.6% | 39.8% | 36.7% | 1.8pp | 4.9pp |
| EPS (Diluted) | $1.05 | $0.99 | $0.79 | 6.1% | 32.9% |
| Free Cash Flow | $142M | $158M | $93M | -9.7% | 53.0% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $230M |
| R&D Expenses | $0 |
| Selling & Marketing | $687.0K |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $46M |
| Operating Expenses | $111M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $119M |
| Interest Income | $265M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $4M |
| EBIT | $119M |
| EBITDA | $122M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $230M |
| R&D Expenses | $0 |
| Selling & Marketing | $687.0K |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $46M |
| Operating Expenses | $111M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $119M |
| Interest Income | $265M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $4M |
| EBIT | $119M |
| EBITDA | $122M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $149M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | -$239M |
| Sales/Maturities of Investments | $165M |
| Other Investing Activities | -$589M |
| NET CASH FROM INVESTING | -$703M |
| Net Debt Issuance | -$72M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $820M |
| NET CASH FROM FINANCING | $748M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $631M |
| Short-Term Investments | $3.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $119M |
| Goodwill | $290M |
| Intangible Assets | $10M |
| Long-Term Investments | $17.6B |
| Tax Assets | $43M |
| Other Non-Current Assets | $343M |
| TOTAL NON-CURRENT ASSETS | $18.4B |
| TOTAL ASSETS | $22.2B |
| Account Payables | $0 |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.9B |
| TOTAL CURRENT LIABILITIES | $18.9B |
| Long-Term Debt | $359M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $399M |
| TOTAL NON-CURRENT LIABILITIES | $758M |
| TOTAL LIABILITIES | $19.7B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$52M |
| Accum. Other Comp. Income | -$70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $22.2B |
| Total Debt | $380M |
| Net Debt | -$251M |
