| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $682M | $652M | $615M | 4.7% | 10.9% |
| Op. Income | $126M | $96M | $99M | 31.1% | 28.1% |
| Gross Margin | 81.1% | 81.4% | 81.8% | -0.3pp | -0.7pp |
| Net Margin | 16.2% | 13.8% | 12.6% | 2.5pp | 3.6pp |
| EPS (Diluted) | $1.80 | $1.46 | $1.26 | 23.3% | 42.9% |
| Free Cash Flow | $190M | $173M | $164M | 9.9% | 15.9% |
| Item | Amount |
|---|---|
| REVENUE | $682M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $553M |
| R&D Expenses | $125M |
| Selling & Marketing | $233M |
| General & Administrative | $69M |
| SG&A Expenses | $302M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $30M |
| EBIT | $126M |
| EBITDA | $157M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $682M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $553M |
| R&D Expenses | $125M |
| Selling & Marketing | $233M |
| General & Administrative | $69M |
| SG&A Expenses | $302M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $556M |
| OPERATING INCOME | $126M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $30M |
| EBIT | $126M |
| EBITDA | $157M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$217M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$192M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $190M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $581M |
| Short-Term Investments | $330M |
| Net Receivables | $556M |
| Inventory | $22M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $436M |
| Goodwill | $2.2B |
| Intangible Assets | $237M |
| Long-Term Investments | $295M |
| Tax Assets | $128M |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $62M |
| Short-Term Debt | $69M |
| Deferred Revenue | $969M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $647M |
| Deferred Revenue NC | $521M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$222M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $192M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $1.0B |
| Net Debt | $431M |
