| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $596M | — | $468M | — | 27.3% |
| Op. Income | $194M | — | $139M | — | 38.9% |
| Gross Margin | 62.9% | — | 65.7% | — | -2.7pp |
| Net Margin | 28.6% | — | 22.2% | — | 6.4pp |
| EPS (Diluted) | $0.13 | — | $0.08 | — | 61.3% |
| Free Cash Flow | $290M | — | $181M | — | 60.4% |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $375M |
| R&D Expenses | $118M |
| Selling & Marketing | $51M |
| General & Administrative | $12M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $402M |
| OPERATING INCOME | $194M |
| Interest Income | $10M |
| Interest Expense | $661.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | -$8.0K |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $9M |
| EBIT | $199M |
| EBITDA | $208M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $375M |
| R&D Expenses | $118M |
| Selling & Marketing | $51M |
| General & Administrative | $12M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $402M |
| OPERATING INCOME | $194M |
| Interest Income | $10M |
| Interest Expense | $661.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | -$8.0K |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $9M |
| EBIT | $199M |
| EBITDA | $208M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $296M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$347M |
| Sales/Maturities of Investments | $181M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$172M |
| Net Debt Issuance | -$537.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $290M |
| Net Change in Cash | $125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $650M |
| Short-Term Investments | $1.3B |
| Net Receivables | $332M |
| Inventory | $265M |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $75M |
| Goodwill | $54M |
| Intangible Assets | $59M |
| Long-Term Investments | $30M |
| Tax Assets | $126M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $367M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $94M |
| Short-Term Debt | $0 |
| Deferred Revenue | $359M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $607M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $229M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $332M |
| TOTAL LIABILITIES | $939M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $957M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $35M |
| Net Debt | -$615M |
