| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $544M | $563M | $523M | -3.4% | 3.9% |
| Op. Income | $158M | $172M | $142M | -8.0% | 11.4% |
| Gross Margin | 84.1% | 83.4% | 83.3% | 0.7pp | 0.8pp |
| Net Margin | 24.1% | 23.6% | 16.9% | 0.5pp | 7.2pp |
| EPS (Diluted) | $2.16 | $2.18 | $1.41 | -0.9% | 53.2% |
| Free Cash Flow | $177M | $187M | $183M | -5.4% | -3.6% |
| Item | Amount |
|---|---|
| REVENUE | $544M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $457M |
| R&D Expenses | $92M |
| Selling & Marketing | $164M |
| General & Administrative | $43M |
| SG&A Expenses | $207M |
| Other Expenses | $0 |
| Operating Expenses | $299M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $158M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $14M |
| EBIT | $158M |
| EBITDA | $172M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $544M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $457M |
| R&D Expenses | $92M |
| Selling & Marketing | $164M |
| General & Administrative | $43M |
| SG&A Expenses | $207M |
| Other Expenses | $0 |
| Operating Expenses | $299M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $158M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $14M |
| EBIT | $158M |
| EBITDA | $172M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $131M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $251.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $198M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$191M |
| Sales/Maturities of Investments | $152M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $480M |
| Short-Term Investments | $652M |
| Net Receivables | $326M |
| Inventory | $32M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $179M |
| Goodwill | $556M |
| Intangible Assets | $0 |
| Long-Term Investments | $415M |
| Tax Assets | $23M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $67M |
| Short-Term Debt | $0 |
| Deferred Revenue | $796M |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $353M |
| Deferred Tax Liabilities | $409.0K |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $435M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $13M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $0 |
| Net Debt | -$480M |
