| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $569M | $590M | $544M | -3.6% | 4.7% |
| Op. Income | $122M | $115M | $158M | 6.6% | -22.7% |
| Gross Margin | 84.4% | 84.6% | 84.1% | -0.2pp | 0.4pp |
| Net Margin | 17.3% | 16.1% | 24.1% | 1.2pp | -6.8pp |
| EPS (Diluted) | $1.62 | $1.57 | $2.16 | 3.2% | -25.0% |
| Free Cash Flow | $122M | $186M | $177M | -34.4% | -31.2% |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $481M |
| R&D Expenses | $96M |
| Selling & Marketing | $196M |
| General & Administrative | $59M |
| SG&A Expenses | $255M |
| Other Expenses | $8M |
| Operating Expenses | $358M |
| Cost & Expenses | $447M |
| OPERATING INCOME | $122M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $19M |
| EBIT | $130M |
| EBITDA | $149M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $481M |
| R&D Expenses | $96M |
| Selling & Marketing | $196M |
| General & Administrative | $59M |
| SG&A Expenses | $255M |
| Other Expenses | $8M |
| Operating Expenses | $358M |
| Cost & Expenses | $447M |
| OPERATING INCOME | $122M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $19M |
| EBIT | $130M |
| EBITDA | $149M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$181M |
| Sales/Maturities of Investments | $173M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | $136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $735M |
| Short-Term Investments | $427M |
| Net Receivables | $355M |
| Inventory | $32M |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $533M |
| Goodwill | $1.1B |
| Intangible Assets | $104M |
| Long-Term Investments | $365M |
| Tax Assets | $29M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $848M |
| Other Current Liabilities | $250M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $342M |
| Deferred Revenue NC | $390M |
| Deferred Tax Liabilities | $258.0K |
| Other Non-Current Liabilities | -$280M |
| TOTAL NON-CURRENT LIABILITIES | $795M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $211M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $685M |
| Net Debt | -$51M |
