| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $472M | $468M | $335M | 1.0% | 40.8% |
| Op. Income | $139M | $139M | $73M | -0.5% | 89.0% |
| Gross Margin | 64.1% | 65.7% | 63.9% | -1.5pp | 0.3pp |
| Net Margin | 30.6% | 22.2% | 24.7% | 8.4pp | 5.9pp |
| EPS (Diluted) | $0.11 | $0.08 | $0.07 | 36.5% | 64.4% |
| Free Cash Flow | $189M | $181M | $158M | 4.8% | 19.6% |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $303M |
| R&D Expenses | $102M |
| Selling & Marketing | $42M |
| General & Administrative | $20M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $334M |
| OPERATING INCOME | $139M |
| Interest Income | $5M |
| Interest Expense | $687.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | -$7.0K |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $6M |
| EBIT | $144M |
| EBITDA | $149M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $303M |
| R&D Expenses | $102M |
| Selling & Marketing | $42M |
| General & Administrative | $20M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $334M |
| OPERATING INCOME | $139M |
| Interest Income | $5M |
| Interest Expense | $687.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | -$7.0K |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $6M |
| EBIT | $144M |
| EBITDA | $149M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$30.0K |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$268M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$184M |
| Net Debt Issuance | -$456.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $189M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $886M |
| Short-Term Investments | $852M |
| Net Receivables | $207M |
| Inventory | $268M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $74M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $36M |
| Tax Assets | $68M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $201M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $70M |
| Short-Term Debt | $0 |
| Deferred Revenue | $275M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $458M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $181M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $277M |
| TOTAL LIABILITIES | $735M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $841M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $37M |
| Net Debt | -$849M |
