| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $909M | $848M | $756M | 7.3% | 20.2% |
| Op. Income | $277M | $277M | $258M | 0.3% | 7.7% |
| Gross Margin | 69.5% | 70.1% | 69.8% | -0.5pp | -0.3pp |
| Net Margin | 28.1% | 33.9% | 29.3% | -5.9pp | -1.2pp |
| EPS (Diluted) | $0.72 | $0.81 | $0.64 | -11.1% | 12.5% |
| Free Cash Flow | $187M | $240M | $161M | -22.2% | 15.8% |
| Item | Amount |
|---|---|
| REVENUE | $909M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $632M |
| R&D Expenses | $95M |
| Selling & Marketing | $0 |
| General & Administrative | $260M |
| SG&A Expenses | $260M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $632M |
| OPERATING INCOME | $277M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $255M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $255M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $255M |
| D&A | $29M |
| EBIT | $277M |
| EBITDA | $307M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $909M |
| Cost of Revenue | $277M |
| GROSS PROFIT | $632M |
| R&D Expenses | $95M |
| Selling & Marketing | $0 |
| General & Administrative | $260M |
| SG&A Expenses | $260M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $632M |
| OPERATING INCOME | $277M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $255M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $255M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $255M |
| D&A | $29M |
| EBIT | $277M |
| EBITDA | $307M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $255M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$130M |
| OPERATING CASH FLOW | $232M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $45M |
| Purchases of Investments | -$418M |
| Sales/Maturities of Investments | $457M |
| Other Investing Activities | -$83M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | $229M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $0 |
| Net Receivables | $533M |
| Inventory | $332M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $689M |
| Goodwill | $211M |
| Intangible Assets | $221M |
| Long-Term Investments | $1.3B |
| Tax Assets | $415M |
| Other Non-Current Assets | -$1.3B |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $102M |
| Short-Term Debt | $0 |
| Deferred Revenue | $302M |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $980M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $284M |
| TOTAL NON-CURRENT LIABILITIES | $314M |
| TOTAL LIABILITIES | $980M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $948M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $9M |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $0 |
| Net Debt | -$4.3B |
