| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $727M | $702M | $647M | 3.6% | 12.4% |
| Op. Income | $308M | $260M | $184M | 18.5% | 67.4% |
| Gross Margin | 100.0% | 96.4% | 92.4% | 3.6pp | 7.6pp |
| Net Margin | 32.7% | 17.5% | 21.5% | 15.2pp | 11.3pp |
| EPS (Diluted) | $1.09 | $0.54 | $0.61 | 101.9% | 78.7% |
| Free Cash Flow | $247M | $89M | $330M | 177.5% | -25.2% |
| Item | Amount |
|---|---|
| REVENUE | $727M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $727M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $282M |
| SG&A Expenses | $287M |
| Other Expenses | $132M |
| Operating Expenses | $419M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $308M |
| Interest Income | $589M |
| Interest Expense | $47M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $308M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $229M |
| D&A | $43M |
| EBIT | $308M |
| EBITDA | $351M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $727M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $727M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $282M |
| SG&A Expenses | $287M |
| Other Expenses | $132M |
| Operating Expenses | $419M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $308M |
| Interest Income | $589M |
| Interest Expense | $47M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $308M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $229M |
| D&A | $43M |
| EBIT | $308M |
| EBITDA | $351M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $238M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$55M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $275M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$786M |
| Sales/Maturities of Investments | $697M |
| Other Investing Activities | -$312M |
| NET CASH FROM INVESTING | -$429M |
| Net Debt Issuance | -$110M |
| Common Stock Repurchased | -$122M |
| Common Dividends Paid | -$49M |
| Other Financing Activities | $347M |
| NET CASH FROM FINANCING | $76M |
| FREE CASH FLOW | $247M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $14.9B |
| Net Receivables | $371M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $46.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $50.0B |
| TOTAL ASSETS | $66.5B |
| Account Payables | $0 |
| Short-Term Debt | $4.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53.0B |
| TOTAL CURRENT LIABILITIES | $57.8B |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $624M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $58.8B |
| Common Stock | $4.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$267M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $66.5B |
| Total Debt | $5.3B |
| Net Debt | $4.1B |
