| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $225M | $120M | 1.4% | 90.4% |
| Op. Income | $112M | $125M | $37M | -10.8% | 198.2% |
| Gross Margin | 96.8% | 96.7% | 96.5% | 0.0pp | 0.3pp |
| Net Margin | 157.5% | 56.2% | 32.1% | 101.3pp | 125.5pp |
| EPS (Diluted) | $1.15 | $0.41 | $0.12 | 180.5% | 858.3% |
| Free Cash Flow | $102M | $149M | $36M | -31.9% | 185.2% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $221M |
| R&D Expenses | $57M |
| Selling & Marketing | $15M |
| General & Administrative | $38M |
| SG&A Expenses | $52M |
| Other Expenses | $29.0K |
| Operating Expenses | $110M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $112M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | -$244M |
| Net Income from Continuing Ops | $360M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $360M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $360M |
| D&A | $2M |
| EBIT | $116M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $221M |
| R&D Expenses | $57M |
| Selling & Marketing | $15M |
| General & Administrative | $38M |
| SG&A Expenses | $52M |
| Other Expenses | $29.0K |
| Operating Expenses | $110M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $112M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | -$244M |
| Net Income from Continuing Ops | $360M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $360M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $360M |
| D&A | $2M |
| EBIT | $116M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $360M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$244M |
| Other Non-Cash Items | -$935.0K |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$209.0K |
| Purchases of Investments | -$190M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $209.0K |
| NET CASH FROM INVESTING | -$143M |
| Net Debt Issuance | -$13.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $379M |
| Net Receivables | $163M |
| Inventory | $10M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $897M |
| PP&E (Net) | $57M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $157M |
| Tax Assets | $244M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $525M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$880M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$701.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $15M |
| Net Debt | -$300M |
