| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $563M | $542M | $538M | 3.8% | 4.6% |
| Op. Income | $172M | $152M | $149M | 13.2% | 15.6% |
| Gross Margin | 83.4% | 83.2% | 83.2% | 0.2pp | 0.2pp |
| Net Margin | 23.6% | 22.6% | 25.2% | 1.0pp | -1.6pp |
| EPS (Diluted) | $2.18 | $1.99 | $2.14 | 9.5% | 1.9% |
| Free Cash Flow | $187M | $162M | $206M | 15.2% | -9.1% |
| Item | Amount |
|---|---|
| REVENUE | $563M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $469M |
| R&D Expenses | $95M |
| Selling & Marketing | $160M |
| General & Administrative | $42M |
| SG&A Expenses | $202M |
| Other Expenses | $0 |
| Operating Expenses | $316M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $172M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $133M |
| D&A | $15M |
| EBIT | $172M |
| EBITDA | $187M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $563M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $469M |
| R&D Expenses | $95M |
| Selling & Marketing | $160M |
| General & Administrative | $42M |
| SG&A Expenses | $202M |
| Other Expenses | $0 |
| Operating Expenses | $316M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $172M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $133M |
| D&A | $15M |
| EBIT | $172M |
| EBITDA | $187M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $133M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$364.0K |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$356M |
| Sales/Maturities of Investments | $146M |
| Other Investing Activities | -$6.0K |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$150M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | -$175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $615M |
| Net Receivables | $295M |
| Inventory | $31M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $145M |
| Goodwill | $556M |
| Intangible Assets | $31M |
| Long-Term Investments | $422M |
| Tax Assets | $33M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $58M |
| Short-Term Debt | $0 |
| Deferred Revenue | $716M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $954M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $300M |
| Deferred Tax Liabilities | $35.0K |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $366M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $20M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $0 |
| Net Debt | -$425M |
