| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $976M | 2.4% | 14.8% |
| Op. Income | $433M | $444M | $366M | -2.4% | 18.3% |
| Gross Margin | 63.5% | 65.1% | 64.4% | -1.6pp | -0.9pp |
| Net Margin | 33.0% | 36.2% | -13.8% | -3.3pp | 46.7pp |
| EPS (Diluted) | $2.42 | $2.54 | $-0.86 | -4.7% | 381.4% |
| Free Cash Flow | $256M | $359M | $116M | -28.8% | 120.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $408M |
| GROSS PROFIT | $712M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $278M |
| Cost & Expenses | $687M |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $416M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $369M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $369M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $369M |
| D&A | $16M |
| EBIT | $443M |
| EBITDA | $458M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $408M |
| GROSS PROFIT | $712M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $278M |
| Cost & Expenses | $687M |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $416M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $369M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $369M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $369M |
| D&A | $16M |
| EBIT | $443M |
| EBITDA | $458M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $369M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $895.0K |
| Change in Working Capital | -$119M |
| OPERATING CASH FLOW | $282M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $265M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $209M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$115M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$347M |
| FREE CASH FLOW | $256M |
| Net Change in Cash | $144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $900M |
| Net Receivables | $681M |
| Inventory | $1.0B |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $306M |
| Goodwill | $360M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $248M |
| Other Non-Current Assets | $181M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $152M |
| Short-Term Debt | $250M |
| Deferred Revenue | $510M |
| Other Current Liabilities | $412M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $90M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $446M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $619M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $2.2B |
| Net Debt | $444M |
