| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $650M | $607M | $534M | 7.0% | 21.7% |
| Op. Income | $151M | $127M | $120M | 18.9% | 25.5% |
| Gross Margin | 72.6% | 72.0% | 71.7% | 0.6pp | 0.9pp |
| Net Margin | 18.7% | 16.9% | 18.2% | 1.8pp | 0.4pp |
| EPS (Diluted) | $1.53 | $1.28 | $1.20 | 19.5% | 27.5% |
| Free Cash Flow | $176M | $208M | $187M | -15.6% | -6.1% |
| Item | Amount |
|---|---|
| REVENUE | $650M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $472M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $279M |
| Other Expenses | $0 |
| Operating Expenses | $321M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $151M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $22M |
| EBIT | $151M |
| EBITDA | $173M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $650M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $472M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $279M |
| Other Expenses | $0 |
| Operating Expenses | $321M |
| Cost & Expenses | $499M |
| OPERATING INCOME | $151M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $156M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $22M |
| EBIT | $151M |
| EBITDA | $173M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $218M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$104M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | $21M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$102M |
| FREE CASH FLOW | $176M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $550M |
| Short-Term Investments | $318M |
| Net Receivables | $617M |
| Inventory | $112M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $688M |
| Goodwill | $64M |
| Intangible Assets | $12M |
| Long-Term Investments | $6M |
| Tax Assets | $64M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $867M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $87M |
| Short-Term Debt | $0 |
| Deferred Revenue | $564M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $971M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $907M |
| Retained Earnings | $440M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$688.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $59M |
| Net Debt | -$491M |
