| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $215M | $186M | 11.5% | 29.1% |
| Op. Income | $92M | $85M | $86M | 8.8% | 7.3% |
| Gross Margin | 96.9% | 96.5% | 96.8% | 0.3pp | 0.1pp |
| Net Margin | 32.9% | 35.2% | 47.0% | -2.3pp | -14.1pp |
| EPS (Diluted) | $0.25 | $0.24 | $0.28 | 4.2% | -10.7% |
| Free Cash Flow | $131M | $159M | $63M | -18.1% | 108.7% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $233M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $803.0K |
| Operating Expenses | $141M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $92M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $3M |
| EBIT | $92M |
| EBITDA | $95M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $233M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $803.0K |
| Operating Expenses | $141M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $92M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $3M |
| EBIT | $92M |
| EBITDA | $95M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$278M |
| Sales/Maturities of Investments | $137M |
| Other Investing Activities | -$142M |
| NET CASH FROM INVESTING | -$143M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$854.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $131M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $370M |
| Short-Term Investments | $452M |
| Net Receivables | $110M |
| Inventory | $12M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $957M |
| PP&E (Net) | $67M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $338M |
| Tax Assets | $210M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $686M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $321.0K |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $154M |
| Common Stock | $303.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$726M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $23M |
| Net Debt | -$347M |
