| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $215M | $229M | $212M | -5.7% | 1.5% |
| Op. Income | $85M | $112M | $116M | -24.2% | -27.3% |
| Gross Margin | 96.5% | 96.8% | 97.3% | -0.3pp | -0.8pp |
| Net Margin | 35.2% | 157.5% | 54.6% | -122.4pp | -19.4pp |
| EPS (Diluted) | $0.24 | $1.15 | $0.37 | -79.1% | -35.1% |
| Free Cash Flow | $159M | $102M | $69M | 56.6% | 131.3% |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $208M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $60M |
| SG&A Expenses | $60M |
| Other Expenses | $25.0K |
| Operating Expenses | $123M |
| Cost & Expenses | $131M |
| OPERATING INCOME | $85M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | -$6M |
| EBIT | $85M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $208M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $60M |
| SG&A Expenses | $60M |
| Other Expenses | $25.0K |
| Operating Expenses | $123M |
| Cost & Expenses | $131M |
| OPERATING INCOME | $85M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $76M |
| D&A | -$6M |
| EBIT | $85M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | -$6M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$240M |
| Sales/Maturities of Investments | $135M |
| Other Investing Activities | -$105M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $159M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $374M |
| Short-Term Investments | $426M |
| Net Receivables | $122M |
| Inventory | $10M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $946M |
| PP&E (Net) | $64M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $219M |
| Tax Assets | $244M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $595M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $302.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$805M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $728.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $20M |
| Net Debt | -$354M |
