| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $523M | $553M | $595M | -5.3% | -12.2% |
| Op. Income | $150M | $176M | $194M | -15.0% | -23.0% |
| Gross Margin | 64.7% | 64.5% | 63.9% | 0.2pp | 0.8pp |
| Net Margin | 26.5% | 47.2% | 33.8% | -20.7pp | -7.3pp |
| EPS (Diluted) | $0.11 | $0.20 | $0.15 | -45.0% | -26.7% |
| Free Cash Flow | $192M | $325M | $165M | -41.0% | 16.3% |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $338M |
| R&D Expenses | $113M |
| Selling & Marketing | $57M |
| General & Administrative | $18M |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $189M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $150M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $10M |
| EBIT | $150M |
| EBITDA | $160M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $338M |
| R&D Expenses | $113M |
| Selling & Marketing | $57M |
| General & Administrative | $18M |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $189M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $150M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $10M |
| EBIT | $150M |
| EBITDA | $160M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $457.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $195M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$66M |
| Purchases of Investments | -$675M |
| Sales/Maturities of Investments | $415M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$329M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$228M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$213M |
| FREE CASH FLOW | $192M |
| Net Change in Cash | -$350M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $761M |
| Short-Term Investments | $1.9B |
| Net Receivables | $352M |
| Inventory | $262M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $121M |
| Goodwill | $85M |
| Intangible Assets | $89M |
| Long-Term Investments | $4M |
| Tax Assets | $448M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $775M |
| TOTAL ASSETS | $4.1B |
| Account Payables | $85M |
| Short-Term Debt | $0 |
| Deferred Revenue | $332M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $573M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $265M |
| Deferred Tax Liabilities | $250M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $690M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $828.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $79M |
| Net Debt | -$683M |
