| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $522M | $382M | $326M | 36.4% | 59.8% |
| Op. Income | $91M | -$60M | $14M | 249.8% | 531.7% |
| Gross Margin | 93.7% | 93.2% | 91.7% | 0.5pp | 2.0pp |
| Net Margin | 10.0% | -10.8% | -3.8% | 20.8pp | 13.9pp |
| EPS (Diluted) | $0.24 | $-0.19 | $-0.06 | 226.3% | 494.1% |
| Free Cash Flow | $22M | $8M | $86M | 162.0% | -75.0% |
| Item | Amount |
|---|---|
| REVENUE | $522M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $489M |
| R&D Expenses | $298M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $431M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $398.0K |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $14M |
| EBIT | $54M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $522M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $489M |
| R&D Expenses | $298M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $431M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $398.0K |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $14M |
| EBIT | $54M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$112M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $929M |
| Short-Term Investments | $270M |
| Net Receivables | $316M |
| Inventory | $6M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $268M |
| Goodwill | $156M |
| Intangible Assets | $226M |
| Long-Term Investments | $131M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $799M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $76M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $368M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $279M |
| TOTAL NON-CURRENT LIABILITIES | $296M |
| TOTAL LIABILITIES | $664M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $25M |
| Net Debt | -$904M |
