| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | $468M | $455M | 0.7% | 3.6% |
| Op. Income | $226M | $224M | $225M | 1.0% | 0.5% |
| Gross Margin | 89.5% | 89.6% | 88.6% | -0.1pp | 0.9pp |
| Net Margin | 42.1% | 42.3% | 42.4% | -0.2pp | -0.3pp |
| EPS (Diluted) | $1.25 | $1.24 | $1.16 | 0.8% | 7.8% |
| Free Cash Flow | $245M | $208M | $251M | 17.8% | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $422M |
| R&D Expenses | $51M |
| Selling & Marketing | $124M |
| General & Administrative | $21M |
| SG&A Expenses | $145M |
| Other Expenses | $0 |
| Operating Expenses | $196M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $226M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $5M |
| EBIT | $226M |
| EBITDA | $231M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $422M |
| R&D Expenses | $51M |
| Selling & Marketing | $124M |
| General & Administrative | $21M |
| SG&A Expenses | $145M |
| Other Expenses | $0 |
| Operating Expenses | $196M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $226M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $243M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $5M |
| EBIT | $226M |
| EBITDA | $231M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $198M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $237.0K |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $249M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $82M |
| NET CASH FROM FINANCING | -$218M |
| FREE CASH FLOW | $245M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $1.4B |
| Net Receivables | $313M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $79M |
| Goodwill | $0 |
| Intangible Assets | $828M |
| Long-Term Investments | $2.3B |
| Tax Assets | $111M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $341M |
| Short-Term Debt | $0 |
| Deferred Revenue | $835M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $314M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $385M |
| TOTAL NON-CURRENT LIABILITIES | $699M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $774.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $8.8B |
| Treasury Stock | -$6.6B |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $0 |
| Net Debt | -$324M |
