| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $607M | $601M | $505M | 1.1% | 20.2% |
| Op. Income | $127M | $176M | $125M | -28.0% | 1.6% |
| Gross Margin | 72.0% | 72.0% | 73.6% | 0.1pp | -1.5pp |
| Net Margin | 16.9% | 24.5% | 20.0% | -7.6pp | -3.1pp |
| EPS (Diluted) | $1.28 | $1.83 | $1.24 | -30.1% | 3.2% |
| Free Cash Flow | $208M | $132M | $43M | 57.5% | 389.0% |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $438M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | -$7M |
| Operating Expenses | $310M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $127M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $20M |
| EBIT | $120M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $607M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $438M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $278M |
| Other Expenses | -$7M |
| Operating Expenses | $310M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $127M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $20M |
| EBIT | $120M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $235M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | -$235M |
| Sales/Maturities of Investments | $285M |
| Other Investing Activities | $440.0K |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | $208M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $490M |
| Short-Term Investments | $292M |
| Net Receivables | $597M |
| Inventory | $95M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $661M |
| Goodwill | $64M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $63M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $845M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $528M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $870M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $175M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $892M |
| Retained Earnings | $415M |
| 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 | $2.4B |
| Total Debt | $57M |
| Net Debt | -$433M |
