| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $173M | $211M | 14.7% | -5.8% |
| Op. Income | $52M | $30M | $63M | 71.7% | -18.4% |
| Gross Margin | 74.4% | 73.3% | 74.4% | 1.1pp | 0.0pp |
| Net Margin | 24.5% | 19.1% | 26.6% | 5.4pp | -2.1pp |
| EPS (Diluted) | $0.28 | $0.19 | $0.32 | 47.4% | -12.5% |
| Free Cash Flow | $55M | $56M | $9M | -2.1% | 483.5% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $148M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $6M |
| EBIT | $52M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $148M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $6M |
| EBIT | $52M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$171.0K |
| Other Non-Cash Items | $859.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$406M |
| Sales/Maturities of Investments | $394M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $364M |
| Net Receivables | $118M |
| Inventory | $73M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $107M |
| Goodwill | $113M |
| Intangible Assets | $9M |
| Long-Term Investments | $408M |
| Tax Assets | $29M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $671M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $18M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $158M |
| Common Stock | $341.0K |
| Additional Paid-In Capital | $579M |
| Retained Earnings | $649M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $18M |
| Net Debt | -$71M |
