| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $533M | $523M | $518M | 1.9% | 2.9% |
| Op. Income | $143M | $142M | $139M | 1.0% | 3.5% |
| Gross Margin | 83.2% | 83.3% | 83.0% | -0.1pp | 0.2pp |
| Net Margin | 20.6% | 16.9% | 18.0% | 3.7pp | 2.6pp |
| EPS (Diluted) | $1.77 | $1.41 | $1.43 | 25.5% | 23.8% |
| Free Cash Flow | $175M | $183M | $166M | -4.6% | 5.6% |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $444M |
| R&D Expenses | $91M |
| Selling & Marketing | $170M |
| General & Administrative | $39M |
| SG&A Expenses | $209M |
| Other Expenses | $0 |
| Operating Expenses | $300M |
| Cost & Expenses | $390M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $15M |
| EBIT | $143M |
| EBITDA | $158M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $444M |
| R&D Expenses | $91M |
| Selling & Marketing | $170M |
| General & Administrative | $39M |
| SG&A Expenses | $209M |
| Other Expenses | $0 |
| Operating Expenses | $300M |
| Cost & Expenses | $390M |
| OPERATING INCOME | $143M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $15M |
| EBIT | $143M |
| EBITDA | $158M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $101.0K |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $185M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$115M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | -$150M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $596M |
| Short-Term Investments | $429M |
| Net Receivables | $291M |
| Inventory | $30M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $117M |
| Goodwill | $556M |
| Intangible Assets | $0 |
| Long-Term Investments | $350M |
| Tax Assets | $37M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $736M |
| Other Current Liabilities | $186M |
| TOTAL CURRENT LIABILITIES | $962M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $275M |
| Deferred Tax Liabilities | $27.0K |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $328M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $21M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $0 |
| Net Debt | -$596M |
