| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $498M | $528M | $382M | -5.8% | 30.2% |
| Op. Income | $81M | $89M | -$60M | -9.7% | 233.6% |
| Gross Margin | 93.8% | 93.3% | 93.2% | 0.4pp | 0.6pp |
| Net Margin | 20.6% | 13.1% | -10.8% | 7.5pp | 31.3pp |
| EPS (Diluted) | $0.47 | $0.32 | $-0.19 | 46.9% | 347.4% |
| Free Cash Flow | $137M | $59M | $8M | 134.6% | 1565.8% |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $467M |
| R&D Expenses | $271M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $386M |
| Cost & Expenses | $417M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $335.0K |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $14M |
| EBIT | $104M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $498M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $467M |
| R&D Expenses | $271M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $386M |
| Cost & Expenses | $417M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $335.0K |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $14M |
| EBIT | $104M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $18M |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$195.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $281M |
| Net Receivables | $244M |
| Inventory | $7M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $338M |
| Goodwill | $156M |
| Intangible Assets | $210M |
| Long-Term Investments | $120M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $850M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $70M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $365M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $286M |
| TOTAL NON-CURRENT LIABILITIES | $304M |
| TOTAL LIABILITIES | $669M |
| Common Stock | $214.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $18M |
| Net Debt | -$1.3B |
