| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $315M | $302M | $283M | 4.1% | 11.3% |
| Op. Income | $100M | $87M | $81M | 15.4% | 23.2% |
| Gross Margin | 86.4% | 85.4% | 86.7% | 1.0pp | -0.3pp |
| Net Margin | 25.5% | 23.1% | 21.0% | 2.4pp | 4.5pp |
| EPS (Diluted) | $0.85 | $0.73 | $0.62 | 16.4% | 37.1% |
| Free Cash Flow | $126M | $136M | $137M | -7.1% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $315M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $272M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $101M |
| SG&A Expenses | $105M |
| Other Expenses | $67M |
| Operating Expenses | $172M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $100M |
| Interest Income | $246M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $9M |
| EBIT | $100M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $315M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $272M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $101M |
| SG&A Expenses | $105M |
| Other Expenses | $67M |
| Operating Expenses | $172M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $100M |
| Interest Income | $246M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $9M |
| EBIT | $100M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$317M |
| Sales/Maturities of Investments | $245M |
| Other Investing Activities | -$261M |
| NET CASH FROM INVESTING | -$338M |
| Net Debt Issuance | -$475M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $679M |
| NET CASH FROM FINANCING | $160M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $211M |
| Short-Term Investments | $2.8B |
| Net Receivables | $515M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $127M |
| Goodwill | $538M |
| Intangible Assets | $29M |
| Long-Term Investments | $21.5B |
| Tax Assets | $99M |
| Other Non-Current Assets | $946M |
| TOTAL NON-CURRENT ASSETS | $23.3B |
| TOTAL ASSETS | $26.8B |
| Account Payables | $0 |
| Short-Term Debt | $931M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $22.6B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $24.0B |
| Common Stock | $937.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$84M |
| Accum. Other Comp. Income | -$115M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $26.8B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
