| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $563M | $545M | $542M | 3.4% | 3.9% |
| Op. Income | $103M | $143M | $152M | -28.0% | -32.4% |
| Gross Margin | 83.9% | 83.8% | 83.2% | 0.1pp | 0.7pp |
| Net Margin | 15.2% | 21.3% | 22.6% | -6.1pp | -7.4pp |
| EPS (Diluted) | $1.43 | $1.93 | $1.99 | -25.9% | -28.1% |
| Free Cash Flow | $117M | $165M | $162M | -28.7% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $563M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $473M |
| R&D Expenses | $117M |
| Selling & Marketing | $196M |
| General & Administrative | $57M |
| SG&A Expenses | $253M |
| Other Expenses | $0 |
| Operating Expenses | $370M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $103M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $18M |
| EBIT | $103M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $563M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $473M |
| R&D Expenses | $117M |
| Selling & Marketing | $196M |
| General & Administrative | $57M |
| SG&A Expenses | $253M |
| Other Expenses | $0 |
| Operating Expenses | $370M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $103M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $18M |
| EBIT | $103M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $714.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$612M |
| Purchases of Investments | $978.0K |
| Sales/Maturities of Investments | $430M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | $117M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $688M |
| Short-Term Investments | $298M |
| Net Receivables | $372M |
| Inventory | $36M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $226M |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $165M |
| Tax Assets | $25M |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $56M |
| Short-Term Debt | $0 |
| Deferred Revenue | $803M |
| Other Current Liabilities | $213M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $363M |
| Deferred Tax Liabilities | $352.0K |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $481M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $0 |
| Net Debt | -$688M |
