| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $688M | $569M | $530M | 21.0% | 29.8% |
| Op. Income | $250M | -$655M | $105M | 138.2% | 137.7% |
| Gross Margin | 94.1% | 93.8% | 92.9% | 0.3pp | 1.2pp |
| Net Margin | 42.2% | -126.8% | 19.9% | 169.0pp | 22.3pp |
| EPS (Diluted) | $1.32 | $-3.33 | $0.48 | 139.6% | 175.0% |
| Free Cash Flow | $226M | -$723M | $106M | 131.2% | 113.4% |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $647M |
| R&D Expenses | $287M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $111M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $438M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $600.0K |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | $307M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $13M |
| EBIT | $308M |
| EBITDA | $320M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $647M |
| R&D Expenses | $287M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $111M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $438M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $600.0K |
| Other Income/Expenses | $57M |
| INCOME BEFORE TAX | $307M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $290M |
| D&A | $13M |
| EBIT | $308M |
| EBITDA | $320M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $290M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | -$72M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $269M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $44M |
| Purchases of Investments | -$140M |
| Sales/Maturities of Investments | $141M |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | $226M |
| Net Change in Cash | $284M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $263M |
| Net Receivables | $420M |
| Inventory | $16M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $482M |
| Goodwill | $156M |
| Intangible Assets | $183M |
| Long-Term Investments | $249M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $91M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $248M |
| TOTAL CURRENT LIABILITIES | $557M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $279M |
| TOTAL NON-CURRENT LIABILITIES | $311M |
| TOTAL LIABILITIES | $868M |
| Common Stock | $218.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $62M |
| Net Debt | -$1.3B |
