| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $356M | $414M | $393M | -13.8% | -9.2% |
| Op. Income | $124M | $162M | $160M | -23.7% | -22.7% |
| Gross Margin | 54.8% | 56.8% | 57.2% | -2.0pp | -2.4pp |
| Net Margin | 28.2% | 29.4% | 29.4% | -1.2pp | -1.2pp |
| EPS (Diluted) | $1.84 | $2.21 | $2.11 | -16.7% | -12.8% |
| Free Cash Flow | $35M | $51M | $108M | -32.3% | -67.8% |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $161M |
| GROSS PROFIT | $195M |
| R&D Expenses | $31M |
| Selling & Marketing | $13M |
| General & Administrative | $25M |
| SG&A Expenses | $39M |
| Other Expenses | $2M |
| Operating Expenses | $71M |
| Cost & Expenses | $232M |
| OPERATING INCOME | $124M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $20M |
| EBIT | $126M |
| EBITDA | $146M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $161M |
| GROSS PROFIT | $195M |
| R&D Expenses | $31M |
| Selling & Marketing | $13M |
| General & Administrative | $25M |
| SG&A Expenses | $39M |
| Other Expenses | $2M |
| Operating Expenses | $71M |
| Cost & Expenses | $232M |
| OPERATING INCOME | $124M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $20M |
| EBIT | $126M |
| EBITDA | $146M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$1.0K |
| Purchases of Investments | -$277M |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $233.0K |
| NET CASH FROM INVESTING | -$189M |
| Net Debt Issuance | -$902.0K |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | -$169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $648M |
| Short-Term Investments | $474M |
| Net Receivables | $252M |
| Inventory | $397M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $529M |
| Goodwill | $57M |
| Intangible Assets | $46M |
| Long-Term Investments | $15M |
| Tax Assets | $20M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $680M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $29M |
| Short-Term Debt | $4M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | -$95M |
| Deferred Tax Liabilities | $95M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $355M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $738M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$161M |
| Accum. Other Comp. Income | -$144M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $845.0K |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $46M |
| Net Debt | -$601M |
