| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $707M | $668M | $541M | 6.0% | 30.8% |
| Op. Income | $219M | $206M | $167M | 6.3% | 31.4% |
| Gross Margin | 64.2% | 63.7% | 63.7% | 0.5pp | 0.6pp |
| Net Margin | 27.8% | 27.0% | 26.8% | 0.8pp | 1.1pp |
| EPS (Diluted) | $0.15 | $0.14 | $0.11 | 7.1% | 36.4% |
| Free Cash Flow | $259M | $250M | $136M | 3.7% | 90.2% |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $454M |
| R&D Expenses | $143M |
| Selling & Marketing | $71M |
| General & Administrative | $21M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $235M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $219M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $13M |
| EBIT | $219M |
| EBITDA | $232M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $454M |
| R&D Expenses | $143M |
| Selling & Marketing | $71M |
| General & Administrative | $21M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $235M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $219M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $13M |
| EBIT | $219M |
| EBITDA | $232M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $263M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$651M |
| Sales/Maturities of Investments | $440M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$218M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $894M |
| Short-Term Investments | $2.4B |
| Net Receivables | $364M |
| Inventory | $543M |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $103M |
| Goodwill | $188M |
| Intangible Assets | $108M |
| Long-Term Investments | $14M |
| Tax Assets | $434M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $880M |
| TOTAL ASSETS | $5.2B |
| Account Payables | $145M |
| Short-Term Debt | $0 |
| Deferred Revenue | $482M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $860M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $264M |
| Deferred Tax Liabilities | $217M |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $651M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $64M |
| Net Debt | -$829M |
