| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $608M | $595M | — | 2.2% | — |
| Op. Income | $207M | $194M | — | 6.4% | — |
| Gross Margin | 64.1% | 63.9% | — | 0.2pp | — |
| Net Margin | 31.1% | 33.8% | — | -2.7pp | — |
| EPS (Diluted) | $0.15 | $0.15 | — | 0.0% | — |
| Free Cash Flow | $193M | $165M | — | 17.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $608M |
| Cost of Revenue | $218M |
| GROSS PROFIT | $390M |
| R&D Expenses | $114M |
| Selling & Marketing | $53M |
| General & Administrative | $16M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $401M |
| OPERATING INCOME | $207M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | -$6.0K |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $8M |
| EBIT | $207M |
| EBITDA | $215M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $608M |
| Cost of Revenue | $218M |
| GROSS PROFIT | $390M |
| R&D Expenses | $114M |
| Selling & Marketing | $53M |
| General & Administrative | $16M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $401M |
| OPERATING INCOME | $207M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | -$6.0K |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $8M |
| EBIT | $207M |
| EBITDA | $215M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$217M |
| Sales/Maturities of Investments | $250M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $193M |
| Net Change in Cash | $135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $944M |
| Short-Term Investments | $1.3B |
| Net Receivables | $343M |
| Inventory | $314M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $135M |
| Goodwill | $54M |
| Intangible Assets | $52M |
| Long-Term Investments | $31M |
| Tax Assets | $114M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $413M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $86M |
| Short-Term Debt | $0 |
| Deferred Revenue | $272M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $525M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $230M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $391M |
| TOTAL LIABILITIES | $916M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $90M |
| Net Debt | -$855M |
