| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $744M | $727M | $690M | 2.3% | 7.8% |
| Op. Income | $253M | $308M | $248M | -17.9% | 2.0% |
| Gross Margin | 90.6% | 100.0% | 94.6% | -9.4pp | -4.0pp |
| Net Margin | 26.5% | 32.7% | 24.3% | -6.3pp | 2.1pp |
| EPS (Diluted) | $0.89 | $1.09 | $0.73 | -18.3% | 21.9% |
| Free Cash Flow | $137M | $247M | $151M | -44.5% | -9.3% |
| Item | Amount |
|---|---|
| REVENUE | $744M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $674M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $280M |
| SG&A Expenses | $287M |
| Other Expenses | $134M |
| Operating Expenses | $421M |
| Cost & Expenses | $491M |
| OPERATING INCOME | $253M |
| Interest Income | $606M |
| Interest Expense | $58M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $253M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $49M |
| EBIT | $253M |
| EBITDA | $302M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $744M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $674M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $280M |
| SG&A Expenses | $287M |
| Other Expenses | $134M |
| Operating Expenses | $421M |
| Cost & Expenses | $491M |
| OPERATING INCOME | $253M |
| Interest Income | $606M |
| Interest Expense | $58M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $253M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $49M |
| EBIT | $253M |
| EBITDA | $302M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$729M |
| Sales/Maturities of Investments | $974M |
| Other Investing Activities | -$119M |
| NET CASH FROM INVESTING | $100M |
| Net Debt Issuance | -$709M |
| Common Stock Repurchased | -$126M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | $618M |
| NET CASH FROM FINANCING | -$265M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $14.6B |
| Net Receivables | $358M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $46.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $50.3B |
| TOTAL ASSETS | $66.5B |
| Account Payables | $0 |
| Short-Term Debt | $4.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53.6B |
| TOTAL CURRENT LIABILITIES | $57.7B |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $715M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $58.8B |
| Common Stock | $4.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$315M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $66.5B |
| Total Debt | $4.5B |
| Net Debt | $3.4B |
