| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $183M | $199M | $232M | -7.9% | -21.1% |
| Op. Income | $43M | $52M | $78M | -16.7% | -44.6% |
| Gross Margin | 74.0% | 74.4% | 74.7% | -0.4pp | -0.6pp |
| Net Margin | 22.7% | 24.5% | 34.6% | -1.8pp | -11.9pp |
| EPS (Diluted) | $0.24 | $0.28 | $0.45 | -14.3% | -46.7% |
| Free Cash Flow | $61M | $55M | $73M | 10.2% | -17.4% |
| Item | Amount |
|---|---|
| REVENUE | $183M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $136M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $6M |
| EBIT | $43M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $183M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $136M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $6M |
| EBIT | $43M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$494.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$218M |
| Sales/Maturities of Investments | $195M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $292M |
| Net Receivables | $119M |
| Inventory | $65M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $626M |
| PP&E (Net) | $104M |
| Goodwill | $113M |
| Intangible Assets | $8M |
| Long-Term Investments | $505M |
| Tax Assets | $29M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $765M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $342.0K |
| Additional Paid-In Capital | $594M |
| Retained Earnings | $682M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $16M |
| Net Debt | -$106M |
