| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $227M | $240M | 14.4% | 8.0% |
| Op. Income | $76M | $53M | $92M | 43.0% | -17.9% |
| Gross Margin | 96.4% | 95.9% | 96.9% | 0.5pp | -0.4pp |
| Net Margin | 25.8% | 21.4% | 32.9% | 4.3pp | -7.1pp |
| EPS (Diluted) | $0.21 | $0.15 | $0.25 | 40.0% | -16.0% |
| Free Cash Flow | $95M | $53M | $131M | 78.3% | -27.4% |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $250M |
| R&D Expenses | $115M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $175M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $76M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $2M |
| EBIT | $76M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $250M |
| R&D Expenses | $115M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $175M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $76M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $2M |
| EBIT | $76M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $102M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$182M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $73M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $527M |
| Short-Term Investments | $686M |
| Net Receivables | $121M |
| Inventory | $17M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $52M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $327M |
| Tax Assets | $148M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $652M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $213M |
| Common Stock | $309.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$444M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $48M |
| Net Debt | -$479M |
