| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $302M | $297M | $282M | 1.8% | 7.1% |
| Op. Income | $87M | $95M | $82M | -8.3% | 6.6% |
| Gross Margin | 85.4% | 86.4% | 86.3% | -1.1pp | -0.9pp |
| Net Margin | 23.1% | 21.7% | 20.4% | 1.4pp | 2.7pp |
| EPS (Diluted) | $0.73 | $0.67 | $0.60 | 9.0% | 21.7% |
| Free Cash Flow | $136M | $112M | $202M | 22.0% | -32.5% |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $101M |
| SG&A Expenses | $104M |
| Other Expenses | $67M |
| Operating Expenses | $171M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $87M |
| Interest Income | $236M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $9M |
| EBIT | $87M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $258M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $101M |
| SG&A Expenses | $104M |
| Other Expenses | $67M |
| Operating Expenses | $171M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $87M |
| Interest Income | $236M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $9M |
| EBIT | $87M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$511M |
| Sales/Maturities of Investments | $454M |
| Other Investing Activities | -$106M |
| NET CASH FROM INVESTING | -$174M |
| Net Debt Issuance | $169M |
| Common Stock Repurchased | -$113M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$108M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | $136M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $2.6B |
| Net Receivables | $546M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $130M |
| Goodwill | $538M |
| Intangible Assets | $30M |
| Long-Term Investments | $21.3B |
| Tax Assets | $93M |
| Other Non-Current Assets | $946M |
| TOTAL NON-CURRENT ASSETS | $23.0B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $0 |
| Short-Term Debt | $643M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.0B |
| TOTAL CURRENT LIABILITIES | $21.9B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $937.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.6B |
| Treasury Stock | -$70M |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $2.5B |
| Net Debt | $2.3B |
