| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $579M | $552M | $528M | 5.0% | 9.6% |
| Op. Income | $98M | $138M | $89M | -28.7% | 9.7% |
| Gross Margin | 93.1% | 93.0% | 93.3% | 0.0pp | -0.3pp |
| Net Margin | 19.2% | 23.3% | 13.1% | -4.1pp | 6.1pp |
| EPS (Diluted) | $0.51 | $0.59 | $0.32 | -13.6% | 59.4% |
| Free Cash Flow | $102M | $287M | $59M | -64.4% | 74.7% |
| Item | Amount |
|---|---|
| REVENUE | $579M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $539M |
| R&D Expenses | $313M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $441M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $607.0K |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $13M |
| EBIT | $127M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $579M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $539M |
| R&D Expenses | $313M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $441M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $607.0K |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $13M |
| EBIT | $127M |
| EBITDA | $140M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $152M |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$196.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $29M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $285M |
| Net Receivables | $309M |
| Inventory | $11M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $407M |
| Goodwill | $156M |
| Intangible Assets | $194M |
| Long-Term Investments | $134M |
| Tax Assets | $0 |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $945M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $84M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $227M |
| TOTAL CURRENT LIABILITIES | $513M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $283M |
| TOTAL NON-CURRENT LIABILITIES | $315M |
| TOTAL LIABILITIES | $828M |
| Common Stock | $216.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $60M |
| Net Debt | -$1.8B |
