| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $696M | $690M | $636M | 0.9% | 9.4% |
| Op. Income | $243M | $248M | $192M | -2.0% | 26.6% |
| Gross Margin | 94.3% | 94.6% | 93.6% | -0.4pp | 0.7pp |
| Net Margin | 23.0% | 24.3% | 20.0% | -1.4pp | 3.0pp |
| EPS (Diluted) | $0.72 | $0.73 | $0.57 | -1.4% | 26.3% |
| Free Cash Flow | $188M | $151M | $162M | 24.5% | 16.0% |
| Item | Amount |
|---|---|
| REVENUE | $696M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $656M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $265M |
| SG&A Expenses | $271M |
| Other Expenses | $142M |
| Operating Expenses | $413M |
| Cost & Expenses | $453M |
| OPERATING INCOME | $243M |
| Interest Income | $557M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $47M |
| EBIT | $243M |
| EBITDA | $290M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $696M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $656M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $265M |
| SG&A Expenses | $271M |
| Other Expenses | $142M |
| Operating Expenses | $413M |
| Cost & Expenses | $453M |
| OPERATING INCOME | $243M |
| Interest Income | $557M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $151M |
| D&A | $47M |
| EBIT | $243M |
| EBITDA | $290M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $160M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $227M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$575M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$471M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $282M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$34M |
| Other Financing Activities | -$278M |
| NET CASH FROM FINANCING | -$143M |
| FREE CASH FLOW | $188M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $15.2B |
| Net Receivables | $343M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.0B |
| Intangible Assets | $3M |
| Long-Term Investments | $45.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $48.7B |
| TOTAL ASSETS | $65.6B |
| Account Payables | $0 |
| Short-Term Debt | $4.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $52.1B |
| TOTAL CURRENT LIABILITIES | $56.7B |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $697M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $57.8B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $65.6B |
| Total Debt | $5.0B |
| Net Debt | $3.7B |
