| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $530M | $498M | $522M | 6.4% | 1.6% |
| Op. Income | $105M | $81M | $91M | 30.3% | 16.2% |
| Gross Margin | 92.9% | 93.8% | 93.7% | -0.8pp | -0.7pp |
| Net Margin | 19.9% | 20.6% | 10.0% | -0.7pp | 9.8pp |
| EPS (Diluted) | $0.48 | $0.47 | $0.24 | 2.1% | 100.0% |
| Free Cash Flow | $106M | $137M | $22M | -23.1% | 388.9% |
| Item | Amount |
|---|---|
| REVENUE | $530M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $492M |
| R&D Expenses | $289M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | $0 |
| Operating Expenses | $387M |
| Cost & Expenses | $425M |
| OPERATING INCOME | $105M |
| Interest Income | $0 |
| Interest Expense | $316.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $13M |
| EBIT | $109M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $530M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $492M |
| R&D Expenses | $289M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | $0 |
| Operating Expenses | $387M |
| Cost & Expenses | $425M |
| OPERATING INCOME | $105M |
| Interest Income | $0 |
| Interest Expense | $316.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $13M |
| EBIT | $109M |
| EBITDA | $122M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $153M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $47M |
| Purchases of Investments | -$69M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | -$47M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$214.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $280M |
| Net Receivables | $303M |
| Inventory | $7M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $369M |
| Goodwill | $156M |
| Intangible Assets | $205M |
| Long-Term Investments | $116M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $889M |
| TOTAL ASSETS | $2.9B |
| Account Payables | $66M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $198M |
| TOTAL CURRENT LIABILITIES | $367M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $284M |
| TOTAL NON-CURRENT LIABILITIES | $333M |
| TOTAL LIABILITIES | $700M |
| Common Stock | $215.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $50M |
| Net Debt | -$1.4B |
