| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $552M | $530M | $450M | 4.1% | 22.7% |
| Op. Income | $138M | $105M | $36M | 30.8% | 283.9% |
| Gross Margin | 93.0% | 92.9% | 92.6% | 0.1pp | 0.4pp |
| Net Margin | 23.3% | 19.9% | 6.5% | 3.4pp | 16.8pp |
| EPS (Diluted) | $0.59 | $0.48 | $0.14 | 22.9% | 321.4% |
| Free Cash Flow | $287M | $106M | $174M | 171.8% | 64.8% |
| Item | Amount |
|---|---|
| REVENUE | $552M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $513M |
| R&D Expenses | $281M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $94M |
| Other Expenses | $0 |
| Operating Expenses | $375M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $138M |
| Interest Income | $0 |
| Interest Expense | $597.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $14M |
| EBIT | $149M |
| EBITDA | $162M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $552M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $513M |
| R&D Expenses | $281M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $94M |
| Other Expenses | $0 |
| Operating Expenses | $375M |
| Cost & Expenses | $414M |
| OPERATING INCOME | $138M |
| Interest Income | $0 |
| Interest Expense | $597.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $128M |
| D&A | $14M |
| EBIT | $149M |
| EBITDA | $162M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $128M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $84M |
| OPERATING CASH FLOW | $270M |
| Capital Expenditure | $17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$118M |
| Sales/Maturities of Investments | $114M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$217.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $287M |
| Net Change in Cash | $286M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $284M |
| Net Receivables | $276M |
| Inventory | $7M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $377M |
| Goodwill | $156M |
| Intangible Assets | $199M |
| Long-Term Investments | $118M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $895M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $95M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $229M |
| TOTAL CURRENT LIABILITIES | $462M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $281M |
| TOTAL NON-CURRENT LIABILITIES | $331M |
| TOTAL LIABILITIES | $792M |
| Common Stock | $215.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $61M |
| Net Debt | -$1.6B |
