| Metric | Q3 2017 | Q2 2017 | Q3 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $405M | $290M | 8.0% | 50.8% |
| Op. Income | $141M | $117M | $63M | 20.7% | 123.5% |
| Gross Margin | 64.1% | 64.1% | 64.2% | 0.0pp | -0.1pp |
| Net Margin | 30.6% | 25.3% | 17.7% | 5.2pp | 12.9pp |
| EPS (Diluted) | $0.11 | $0.08 | $0.04 | 35.3% | 155.2% |
| Free Cash Flow | $203M | $74M | -$51M | 173.4% | 497.8% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $281M |
| R&D Expenses | $80M |
| Selling & Marketing | $41M |
| General & Administrative | $20M |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $140M |
| Cost & Expenses | $297M |
| OPERATING INCOME | $141M |
| Interest Income | $2M |
| Interest Expense | $701.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | -$15.0K |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $5M |
| EBIT | $143M |
| EBITDA | $148M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $281M |
| R&D Expenses | $80M |
| Selling & Marketing | $41M |
| General & Administrative | $20M |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $140M |
| Cost & Expenses | $297M |
| OPERATING INCOME | $141M |
| Interest Income | $2M |
| Interest Expense | $701.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $142M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $134M |
| Net Income Deductions | -$15.0K |
| BOTTOM LINE NET INCOME | $134M |
| D&A | $5M |
| EBIT | $143M |
| EBITDA | $148M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $134M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $353.0K |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$187M |
| Net Debt Issuance | -$397.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $203M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $854M |
| Short-Term Investments | $489M |
| Net Receivables | $213M |
| Inventory | $333M |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $36M |
| Tax Assets | $96M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $226M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $424M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $568M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $141M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $777M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $770M |
| Retained Earnings | $755M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $38M |
| Net Debt | -$816M |
