| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $812M | $632M | $667M | 28.4% | 21.8% |
| Op. Income | $100M | $59M | $96M | 70.1% | 4.1% |
| Gross Margin | 34.3% | 36.3% | 37.3% | -2.0pp | -3.0pp |
| Net Margin | 9.9% | 8.9% | 14.6% | 1.0pp | -4.7pp |
| EPS (Diluted) | $0.48 | $0.34 | $0.59 | 41.2% | -18.6% |
| Free Cash Flow | $178M | $61M | $140M | 191.0% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $812M |
| Cost of Revenue | $534M |
| GROSS PROFIT | $278M |
| R&D Expenses | $34M |
| Selling & Marketing | $116M |
| General & Administrative | $22M |
| SG&A Expenses | $138M |
| Other Expenses | $5M |
| Operating Expenses | $178M |
| Cost & Expenses | $712M |
| OPERATING INCOME | $100M |
| Interest Income | $874.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $550.0K |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $15M |
| EBIT | $101M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $812M |
| Cost of Revenue | $534M |
| GROSS PROFIT | $278M |
| R&D Expenses | $34M |
| Selling & Marketing | $116M |
| General & Administrative | $22M |
| SG&A Expenses | $138M |
| Other Expenses | $5M |
| Operating Expenses | $178M |
| Cost & Expenses | $712M |
| OPERATING INCOME | $100M |
| Interest Income | $874.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $550.0K |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $15M |
| EBIT | $101M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | -$119.0K |
| Change in Working Capital | $62M |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $178M |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $565M |
| Short-Term Investments | $0 |
| Net Receivables | $381M |
| Inventory | $279M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $87M |
| Goodwill | $276M |
| Intangible Assets | $92M |
| Long-Term Investments | $12M |
| Tax Assets | $87M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $578M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $429M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $131M |
| TOTAL CURRENT LIABILITIES | $707M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $116M |
| TOTAL LIABILITIES | $824M |
| Common Stock | $30M |
| Additional Paid-In Capital | $39M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$165M |
| Accum. Other Comp. Income | -$95M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $0 |
| Net Debt | -$565M |
