| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $601M | $549M | $490M | 9.4% | 22.5% |
| Op. Income | $176M | $88M | $123M | 101.2% | 43.8% |
| Gross Margin | 72.0% | 73.2% | 74.6% | -1.3pp | -2.6pp |
| Net Margin | 24.5% | 13.1% | 21.6% | 11.4pp | 2.9pp |
| EPS (Diluted) | $1.83 | $0.89 | $1.30 | 105.6% | 40.8% |
| Free Cash Flow | $132M | $82M | $82M | 61.1% | 60.9% |
| Item | Amount |
|---|---|
| REVENUE | $601M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $432M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | -$51M |
| Operating Expenses | $256M |
| Cost & Expenses | $424M |
| OPERATING INCOME | $176M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $19M |
| EBIT | $125M |
| EBITDA | $145M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $601M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $432M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | -$51M |
| Operating Expenses | $256M |
| Cost & Expenses | $424M |
| OPERATING INCOME | $176M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $19M |
| EBIT | $125M |
| EBITDA | $145M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $177M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | -$228M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$247M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46M |
| NET CASH FROM FINANCING | -$96M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $424M |
| Short-Term Investments | $297M |
| Net Receivables | $620M |
| Inventory | $81M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $657M |
| Goodwill | $64M |
| Intangible Assets | $15M |
| Long-Term Investments | $45M |
| Tax Assets | $59M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $889M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $62M |
| Short-Term Debt | $0 |
| Deferred Revenue | $481M |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $789M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $183M |
| TOTAL LIABILITIES | $972M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $874M |
| Retained Earnings | $501M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $75M |
| Net Debt | -$348M |
