| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $553M | $654M | $596M | -15.6% | -7.2% |
| Op. Income | $176M | $229M | $194M | -23.0% | -9.1% |
| Gross Margin | 64.5% | 63.8% | 62.9% | 0.7pp | 1.5pp |
| Net Margin | 47.2% | 31.9% | 28.6% | 15.3pp | 18.6pp |
| EPS (Diluted) | $0.20 | $0.16 | $0.13 | 25.0% | 53.8% |
| Free Cash Flow | $325M | $265M | $290M | 22.7% | 12.1% |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $196M |
| GROSS PROFIT | $356M |
| R&D Expenses | $110M |
| Selling & Marketing | $55M |
| General & Administrative | $16M |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $377M |
| OPERATING INCOME | $176M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $261M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $261M |
| D&A | $8M |
| EBIT | $176M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $196M |
| GROSS PROFIT | $356M |
| R&D Expenses | $110M |
| Selling & Marketing | $55M |
| General & Administrative | $16M |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $377M |
| OPERATING INCOME | $176M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $261M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $261M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $261M |
| D&A | $8M |
| EBIT | $176M |
| EBITDA | $184M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $261M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$87M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $115M |
| OPERATING CASH FLOW | $327M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$664M |
| Sales/Maturities of Investments | $402M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$264M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $325M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.6B |
| Net Receivables | $392M |
| Inventory | $244M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $127M |
| Goodwill | $55M |
| Intangible Assets | $45M |
| Long-Term Investments | $4M |
| Tax Assets | $452M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $714M |
| TOTAL ASSETS | $4.2B |
| Account Payables | $92M |
| Short-Term Debt | $0 |
| Deferred Revenue | $313M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $597M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $263M |
| Deferred Tax Liabilities | $255M |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $694M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $143.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $83M |
| Net Debt | -$1.0B |
