| Metric | Q2 2017 | Q1 2017 | Q2 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $405M | $335M | $269M | 20.8% | 50.8% |
| Op. Income | $117M | $73M | $53M | 58.9% | 119.4% |
| Gross Margin | 64.1% | 63.9% | 63.8% | 0.3pp | 0.3pp |
| Net Margin | 25.3% | 24.7% | 14.5% | 0.6pp | 10.9pp |
| EPS (Diluted) | $0.08 | $0.07 | $0.03 | 21.5% | 145.6% |
| Free Cash Flow | $74M | $158M | $61M | -53.0% | 22.4% |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $260M |
| R&D Expenses | $81M |
| Selling & Marketing | $39M |
| General & Administrative | $23M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $117M |
| Interest Income | $1M |
| Interest Expense | $623.0K |
| Other Income/Expenses | $496.0K |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | -$20.0K |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $5M |
| EBIT | $118M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $260M |
| R&D Expenses | $81M |
| Selling & Marketing | $39M |
| General & Administrative | $23M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $289M |
| OPERATING INCOME | $117M |
| Interest Income | $1M |
| Interest Expense | $623.0K |
| Other Income/Expenses | $496.0K |
| INCOME BEFORE TAX | $117M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | -$20.0K |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $5M |
| EBIT | $118M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $423.0K |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | -$2.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$390.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$776.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $823M |
| Short-Term Investments | $301M |
| Net Receivables | $270M |
| Inventory | $364M |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $36M |
| Tax Assets | $81M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $214M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $80M |
| Short-Term Debt | $0 |
| Deferred Revenue | $427M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $611M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $128M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $194M |
| TOTAL LIABILITIES | $805M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $737M |
| Retained Earnings | $622M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $39M |
| Net Debt | -$785M |
