| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $590M | $563M | $563M | 4.8% | 4.9% |
| Op. Income | $115M | $103M | $172M | 11.7% | -33.3% |
| Gross Margin | 84.6% | 83.9% | 83.4% | 0.7pp | 1.2pp |
| Net Margin | 16.1% | 15.2% | 23.6% | 0.8pp | -7.6pp |
| EPS (Diluted) | $1.57 | $1.43 | $2.18 | 9.8% | -28.0% |
| Free Cash Flow | $186M | $117M | $187M | 58.1% | -0.7% |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $499M |
| R&D Expenses | $103M |
| Selling & Marketing | $218M |
| General & Administrative | $64M |
| SG&A Expenses | $282M |
| Other Expenses | $0 |
| Operating Expenses | $385M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $22M |
| EBIT | $115M |
| EBITDA | $137M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $499M |
| R&D Expenses | $103M |
| Selling & Marketing | $218M |
| General & Administrative | $64M |
| SG&A Expenses | $282M |
| Other Expenses | $0 |
| Operating Expenses | $385M |
| Cost & Expenses | $476M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $22M |
| EBIT | $115M |
| EBITDA | $137M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$612M |
| Purchases of Investments | -$393M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | $612M |
| NET CASH FROM INVESTING | -$294M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $143.0K |
| FREE CASH FLOW | $186M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $599M |
| Short-Term Investments | $373M |
| Net Receivables | $401M |
| Inventory | $34M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $223M |
| Goodwill | $1.1B |
| Intangible Assets | $109M |
| Long-Term Investments | $415M |
| Tax Assets | $28M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $807M |
| Other Current Liabilities | $97M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $391M |
| Deferred Tax Liabilities | $313.0K |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $523M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $143M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $0 |
| Net Debt | -$599M |
