| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $232M | $211M | $266M | 9.9% | -12.7% |
| Op. Income | $78M | $63M | $111M | 22.7% | -29.8% |
| Gross Margin | 74.7% | 74.4% | 74.4% | 0.3pp | 0.2pp |
| Net Margin | 34.6% | 26.6% | 38.5% | 8.0pp | -3.9pp |
| EPS (Diluted) | $0.45 | $0.32 | $0.57 | 40.6% | -21.1% |
| Free Cash Flow | $73M | $9M | $42M | 678.7% | 76.6% |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $173M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $837.0K |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $5M |
| EBIT | $78M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $173M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $837.0K |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $5M |
| EBIT | $78M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$33.0K |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$280M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$81M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $420M |
| Net Receivables | $149M |
| Inventory | $94M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $798M |
| PP&E (Net) | $89M |
| Goodwill | $113M |
| Intangible Assets | $11M |
| Long-Term Investments | $282M |
| Tax Assets | $27M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $526M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $345.0K |
| Additional Paid-In Capital | $519M |
| Retained Earnings | $671M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$107M |
