| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $487M | $544M | $472M | -10.5% | 3.1% |
| Op. Income | $201M | $249M | $206M | -19.5% | -2.7% |
| Gross Margin | 89.3% | 88.7% | 89.6% | 0.6pp | -0.3pp |
| Net Margin | 36.7% | 50.1% | 38.1% | -13.4pp | -1.4pp |
| EPS (Diluted) | $1.23 | $1.84 | $1.15 | -33.2% | 7.0% |
| Free Cash Flow | $351M | $243M | $369M | 44.4% | -5.0% |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $434M |
| R&D Expenses | $62M |
| Selling & Marketing | $143M |
| General & Administrative | $29M |
| SG&A Expenses | $172M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $201M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $7M |
| EBIT | $201M |
| EBITDA | $207M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $434M |
| R&D Expenses | $62M |
| Selling & Marketing | $143M |
| General & Administrative | $29M |
| SG&A Expenses | $172M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $286M |
| OPERATING INCOME | $201M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $7M |
| EBIT | $201M |
| EBITDA | $207M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $179M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$200.0K |
| Change in Working Capital | $143M |
| OPERATING CASH FLOW | $359M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | -$303M |
| FREE CASH FLOW | $351M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $407M |
| Short-Term Investments | $1.3B |
| Net Receivables | $319M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $92M |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $2.2B |
| Tax Assets | $52M |
| Other Non-Current Assets | $93M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $380M |
| Short-Term Debt | $0 |
| Deferred Revenue | $997M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $351M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $426M |
| TOTAL NON-CURRENT LIABILITIES | $777M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $10.0B |
| Treasury Stock | -$8.4B |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $0 |
| Net Debt | -$407M |
