| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $403M | $328M | $327M | 23.0% | 23.4% |
| Op. Income | $149M | $98M | $88M | 52.0% | 70.2% |
| Gross Margin | 81.7% | 82.2% | 86.7% | -0.5pp | -5.0pp |
| Net Margin | 27.7% | 22.6% | 20.2% | 5.1pp | 7.5pp |
| EPS (Diluted) | $0.51 | $0.34 | $0.31 | 50.0% | 64.5% |
| Free Cash Flow | -$67M | -$56M | -$22M | -20.0% | -205.7% |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $330M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $124M |
| SG&A Expenses | $128M |
| Other Expenses | $52M |
| Operating Expenses | $180M |
| Cost & Expenses | $254M |
| OPERATING INCOME | $149M |
| Interest Income | $281M |
| Interest Expense | $54M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $11M |
| EBIT | $149M |
| EBITDA | $160M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $330M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $124M |
| SG&A Expenses | $128M |
| Other Expenses | $52M |
| Operating Expenses | $180M |
| Cost & Expenses | $254M |
| OPERATING INCOME | $149M |
| Interest Income | $281M |
| Interest Expense | $54M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $11M |
| EBIT | $149M |
| EBITDA | $160M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$145M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$316M |
| Sales/Maturities of Investments | $625M |
| Other Investing Activities | -$548M |
| NET CASH FROM INVESTING | -$242M |
| Net Debt Issuance | -$111M |
| Common Stock Repurchased | -$62.0K |
| Common Dividends Paid | -$46M |
| Other Financing Activities | $594M |
| NET CASH FROM FINANCING | $437M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $2.7B |
| Net Receivables | $1.4B |
| Inventory | -$1.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $323M |
| Goodwill | $1.8B |
| Intangible Assets | $161M |
| Long-Term Investments | $19.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $754M |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $28.0B |
| Account Payables | $0 |
| Short-Term Debt | $308M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.8B |
| TOTAL CURRENT LIABILITIES | $22.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $58M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $695M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $28.0B |
| Total Debt | $1.6B |
| Net Debt | $583M |
