| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $549M | $534M | $437M | 2.8% | 25.6% |
| Op. Income | $88M | $120M | $98M | -27.2% | -10.7% |
| Gross Margin | 73.2% | 71.7% | 74.9% | 1.5pp | -1.7pp |
| Net Margin | 13.1% | 18.2% | 21.9% | -5.1pp | -8.9pp |
| EPS (Diluted) | $0.89 | $1.20 | $1.17 | -25.8% | -23.9% |
| Free Cash Flow | $82M | $187M | $20M | -56.2% | 314.8% |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $402M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $247M |
| Other Expenses | $30M |
| Operating Expenses | $314M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $88M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $18M |
| EBIT | $117M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $402M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $247M |
| Other Expenses | $30M |
| Operating Expenses | $314M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $88M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $18M |
| EBIT | $117M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$52M |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $588M |
| Short-Term Investments | $187M |
| Net Receivables | $479M |
| Inventory | $68M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $632M |
| Goodwill | $64M |
| Intangible Assets | $16M |
| Long-Term Investments | $6M |
| Tax Assets | $57M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $795M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $434M |
| Other Current Liabilities | $141M |
| TOTAL CURRENT LIABILITIES | $805M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $174M |
| TOTAL LIABILITIES | $979M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $856M |
| Retained Earnings | $402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $131M |
| Net Debt | -$457M |
