| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $534M | $505M | $421M | 5.7% | 26.7% |
| Op. Income | $120M | $125M | $110M | -3.8% | 9.9% |
| Gross Margin | 71.7% | 73.6% | 75.5% | -1.8pp | -3.7pp |
| Net Margin | 18.2% | 20.0% | 2.4% | -1.7pp | 15.8pp |
| EPS (Diluted) | $1.20 | $1.24 | $0.13 | -3.2% | 823.1% |
| Free Cash Flow | $187M | $43M | $93M | 339.8% | 101.6% |
| Item | Amount |
|---|---|
| REVENUE | $534M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $383M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $227M |
| Other Expenses | $0 |
| Operating Expenses | $263M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $120M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$564.0K |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $17M |
| EBIT | $120M |
| EBITDA | $137M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $534M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $383M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $227M |
| Other Expenses | $0 |
| Operating Expenses | $263M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $120M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$564.0K |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $17M |
| EBIT | $120M |
| EBITDA | $137M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $118M |
| OPERATING CASH FLOW | $241M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $161.0K |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | $216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $637M |
| Short-Term Investments | $98M |
| Net Receivables | $482M |
| Inventory | $56M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $521M |
| Goodwill | $64M |
| Intangible Assets | $18M |
| Long-Term Investments | $65M |
| Tax Assets | $65M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $750M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $393M |
| Other Current Liabilities | $102M |
| TOTAL CURRENT LIABILITIES | $692M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $107M |
| TOTAL LIABILITIES | $800M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $878M |
| Retained Earnings | $378M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $0 |
| Net Debt | -$637M |
