| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $450M | $522M | $382M | -13.8% | 17.9% |
| Op. Income | $36M | $91M | -$1M | -60.4% | 2806.9% |
| Gross Margin | 92.6% | 93.7% | 92.5% | -1.1pp | 0.1pp |
| Net Margin | 6.5% | 10.0% | 9.4% | -3.6pp | -3.0pp |
| EPS (Diluted) | $0.14 | $0.24 | $0.17 | -41.7% | -17.6% |
| Free Cash Flow | $174M | $22M | $19M | 706.6% | 826.3% |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $416M |
| R&D Expenses | $293M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $381M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $405.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $14M |
| EBIT | $31M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $416M |
| R&D Expenses | $293M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $381M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $405.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $14M |
| EBIT | $31M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $199M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $25M |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $174M |
| Net Change in Cash | $184M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $263M |
| Net Receivables | $248M |
| Inventory | $6M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $301M |
| Goodwill | $156M |
| Intangible Assets | $221M |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $95M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $422M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $295M |
| TOTAL LIABILITIES | $717M |
| Common Stock | $213.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $25M |
| Net Debt | -$1.1B |
