| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $749M | $707M | $605M | 5.8% | 23.7% |
| Op. Income | $233M | $219M | $188M | 6.3% | 23.8% |
| Gross Margin | 63.9% | 64.2% | 63.6% | -0.3pp | 0.3pp |
| Net Margin | 30.0% | 27.8% | 27.8% | 2.1pp | 2.1pp |
| EPS (Diluted) | $0.18 | $0.15 | $0.13 | 20.0% | 38.5% |
| Free Cash Flow | $227M | $259M | $213M | -12.4% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $749M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $479M |
| R&D Expenses | $153M |
| Selling & Marketing | $70M |
| General & Administrative | $22M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $515M |
| OPERATING INCOME | $233M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $13M |
| EBIT | $233M |
| EBITDA | $246M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $749M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $479M |
| R&D Expenses | $153M |
| Selling & Marketing | $70M |
| General & Administrative | $22M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $515M |
| OPERATING INCOME | $233M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $224M |
| D&A | $13M |
| EBIT | $233M |
| EBITDA | $246M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $224M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$733M |
| Sales/Maturities of Investments | $359M |
| Other Investing Activities | -$120.0K |
| NET CASH FROM INVESTING | -$425M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$134M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $227M |
| Net Change in Cash | -$263M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $631M |
| Short-Term Investments | $2.8B |
| Net Receivables | $396M |
| Inventory | $576M |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $145M |
| Goodwill | $188M |
| Intangible Assets | $101M |
| Long-Term Investments | $18M |
| Tax Assets | $429M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $913M |
| TOTAL ASSETS | $5.4B |
| Account Payables | $135M |
| Short-Term Debt | $0 |
| Deferred Revenue | $511M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $893M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $289M |
| Deferred Tax Liabilities | $214M |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $679M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $62M |
| Net Debt | -$569M |
