| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $921M | 2.7% | 22.5% |
| Op. Income | $366M | $359M | $313M | 1.9% | 16.7% |
| Gross Margin | 69.6% | 69.1% | 69.7% | 0.6pp | -0.1pp |
| Net Margin | 35.2% | 29.0% | 31.8% | 6.2pp | 3.4pp |
| EPS (Diluted) | $1.11 | $0.89 | $0.82 | 24.7% | 35.4% |
| Free Cash Flow | $310M | $234M | $273M | 32.4% | 13.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $343M |
| GROSS PROFIT | $786M |
| R&D Expenses | $136M |
| Selling & Marketing | $0 |
| General & Administrative | $284M |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $420M |
| Cost & Expenses | $763M |
| OPERATING INCOME | $366M |
| Interest Income | $33M |
| Interest Expense | $0 |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $397M |
| D&A | $51M |
| EBIT | $366M |
| EBITDA | $417M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $343M |
| GROSS PROFIT | $786M |
| R&D Expenses | $136M |
| Selling & Marketing | $0 |
| General & Administrative | $284M |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $420M |
| Cost & Expenses | $763M |
| OPERATING INCOME | $366M |
| Interest Income | $33M |
| Interest Expense | $0 |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | $399M |
| Income Tax Expense | $300.0K |
| Net Income from Continuing Ops | $399M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $397M |
| D&A | $51M |
| EBIT | $366M |
| EBITDA | $417M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $399M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | -$61M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $396M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | -$728M |
| Sales/Maturities of Investments | $631M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$217M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $79M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $310M |
| Net Change in Cash | $179M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $970M |
| Short-Term Investments | $1.9B |
| Net Receivables | $639M |
| Inventory | $580M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $1.1B |
| Goodwill | $305M |
| Intangible Assets | $416M |
| Long-Term Investments | $2.5B |
| Tax Assets | $424M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $132M |
| Short-Term Debt | $0 |
| Deferred Revenue | $308M |
| Other Current Liabilities | $247M |
| TOTAL CURRENT LIABILITIES | $931M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $336M |
| Deferred Tax Liabilities | -$209M |
| Other Non-Current Liabilities | $423M |
| TOTAL NON-CURRENT LIABILITIES | $423M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $16M |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $72M |
| Net Debt | -$897M |
