| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $528M | $450M | $444M | 17.5% | 19.0% |
| Op. Income | $89M | $36M | -$123M | 149.6% | 172.7% |
| Gross Margin | 93.3% | 92.6% | 93.3% | 0.7pp | 0.1pp |
| Net Margin | 13.1% | 6.5% | -33.7% | 6.6pp | 46.8pp |
| EPS (Diluted) | $0.32 | $0.14 | $-0.71 | 128.6% | 145.1% |
| Free Cash Flow | $59M | $174M | -$115M | -66.4% | 151.1% |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $493M |
| R&D Expenses | $304M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $404M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $355.0K |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $14M |
| EBIT | $71M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $493M |
| R&D Expenses | $304M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $404M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $355.0K |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $14M |
| EBIT | $71M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$459.0K |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $274M |
| Net Receivables | $308M |
| Inventory | $7M |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $320M |
| Goodwill | $156M |
| Intangible Assets | $215M |
| Long-Term Investments | $99M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $814M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $104M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $425M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $277M |
| TOTAL NON-CURRENT LIABILITIES | $295M |
| TOTAL LIABILITIES | $720M |
| 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 | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $36M |
| Net Debt | -$1.1B |
