| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $472M | $526M | $452M | -10.2% | 4.3% |
| Op. Income | $206M | $250M | $213M | -17.7% | -3.5% |
| Gross Margin | 89.6% | 88.7% | 90.2% | 0.9pp | -0.6pp |
| Net Margin | 38.1% | 45.3% | 41.4% | -7.2pp | -3.2pp |
| EPS (Diluted) | $1.15 | $1.51 | $1.16 | -23.8% | -0.9% |
| Free Cash Flow | $369M | $258M | $414M | 43.1% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $423M |
| R&D Expenses | $58M |
| Selling & Marketing | $135M |
| General & Administrative | $24M |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $217M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $206M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $5M |
| EBIT | $206M |
| EBITDA | $211M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $472M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $423M |
| R&D Expenses | $58M |
| Selling & Marketing | $135M |
| General & Administrative | $24M |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $217M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $206M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $180M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $180M |
| D&A | $5M |
| EBIT | $206M |
| EBITDA | $211M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $180M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $500.0K |
| Change in Working Capital | $165M |
| OPERATING CASH FLOW | $379M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$305M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $51M |
| NET CASH FROM FINANCING | -$254M |
| FREE CASH FLOW | $369M |
| Net Change in Cash | $136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $1.4B |
| Net Receivables | $320M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $85M |
| Goodwill | $0 |
| Intangible Assets | $996M |
| Long-Term Investments | $2.4B |
| Tax Assets | $74M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $340M |
| Short-Term Debt | $0 |
| Deferred Revenue | $961M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $351M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $417M |
| TOTAL NON-CURRENT LIABILITIES | $768M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $774.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $9.2B |
| Treasury Stock | -$7.1B |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $0 |
| Net Debt | -$309M |
