| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $350M | $377M | $199M | -7.3% | 75.6% |
| Op. Income | $109M | $145M | $56M | -24.7% | 95.8% |
| Gross Margin | 82.0% | 80.9% | 76.7% | 1.1pp | 5.3pp |
| Net Margin | 28.3% | 34.7% | 23.6% | -6.4pp | 4.8pp |
| EPS (Diluted) | $0.44 | $0.58 | $0.21 | -24.1% | 109.5% |
| Free Cash Flow | $80M | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $287M |
| R&D Expenses | $61M |
| Selling & Marketing | $106M |
| General & Administrative | $11M |
| SG&A Expenses | $117M |
| Other Expenses | $0 |
| Operating Expenses | $178M |
| Cost & Expenses | $241M |
| OPERATING INCOME | $109M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $5M |
| EBIT | $109M |
| EBITDA | $114M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $287M |
| R&D Expenses | $61M |
| Selling & Marketing | $106M |
| General & Administrative | $11M |
| SG&A Expenses | $117M |
| Other Expenses | $0 |
| Operating Expenses | $178M |
| Cost & Expenses | $241M |
| OPERATING INCOME | $109M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $5M |
| EBIT | $109M |
| EBITDA | $114M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $22.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$824M |
| Sales/Maturities of Investments | $741.0K |
| Other Investing Activities | $4.0K |
| NET CASH FROM INVESTING | -$828M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $339.0K |
| NET CASH FROM FINANCING | $339.0K |
| FREE CASH FLOW | $80M |
| Net Change in Cash | -$718M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $283M |
| Short-Term Investments | $1.6B |
| Net Receivables | $272M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $454M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $521M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $94M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $567M |
| Long-Term Debt | $881M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $883M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.7B |
| Other Equity | -$2.7B |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $2M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $881M |
| Net Debt | $598M |
