| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $226M | $197M | 6.4% | 22.1% |
| Op. Income | $124M | $118M | $96M | 5.6% | 29.2% |
| Gross Margin | 90.7% | 90.6% | 93.3% | 0.1pp | -2.7pp |
| Net Margin | 37.2% | 36.7% | 35.5% | 0.5pp | 1.7pp |
| EPS (Diluted) | $0.85 | $0.79 | $0.67 | 7.6% | 26.9% |
| Free Cash Flow | $112M | $93M | -$208M | 19.8% | 153.5% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $58M |
| SG&A Expenses | $59M |
| Other Expenses | $35M |
| Operating Expenses | $94M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $124M |
| Interest Income | $228M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $3M |
| EBIT | $124M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $58M |
| SG&A Expenses | $59M |
| Other Expenses | $35M |
| Operating Expenses | $94M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $124M |
| Interest Income | $228M |
| Interest Expense | $17M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $3M |
| EBIT | $124M |
| EBITDA | $128M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $85M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$91M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$262M |
| Sales/Maturities of Investments | $177M |
| Other Investing Activities | -$712M |
| NET CASH FROM INVESTING | -$804M |
| Net Debt Issuance | $390M |
| Common Stock Repurchased | $14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $54M |
| NET CASH FROM FINANCING | $458M |
| FREE CASH FLOW | $112M |
| Net Change in Cash | -$234M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $417M |
| Short-Term Investments | $3.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $119M |
| Goodwill | $290M |
| Intangible Assets | $11M |
| Long-Term Investments | $15.7B |
| Tax Assets | $6M |
| Other Non-Current Assets | $245M |
| TOTAL NON-CURRENT ASSETS | $16.4B |
| TOTAL ASSETS | $20.3B |
| Account Payables | $0 |
| Short-Term Debt | $416M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.0B |
| TOTAL CURRENT LIABILITIES | $17.4B |
| Long-Term Debt | $377M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $334M |
| TOTAL NON-CURRENT LIABILITIES | $711M |
| TOTAL LIABILITIES | $18.1B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $848M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $20.3B |
| Total Debt | $793M |
| Net Debt | $376M |
