| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $864M | $691M | $812M | 25.1% | 6.4% |
| Op. Income | $123M | $65M | $100M | 89.4% | 23.1% |
| Gross Margin | 38.0% | 37.5% | 34.3% | 0.5pp | 3.7pp |
| Net Margin | 13.1% | 9.3% | 9.9% | 3.8pp | 3.1pp |
| EPS (Diluted) | $0.67 | $0.38 | $0.48 | 76.3% | 39.6% |
| Free Cash Flow | $166M | $75M | $178M | 120.8% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $536M |
| GROSS PROFIT | $329M |
| R&D Expenses | $41M |
| Selling & Marketing | $132M |
| General & Administrative | $24M |
| SG&A Expenses | $157M |
| Other Expenses | $8M |
| Operating Expenses | $205M |
| Cost & Expenses | $741M |
| OPERATING INCOME | $123M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $18M |
| EBIT | $123M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $536M |
| GROSS PROFIT | $329M |
| R&D Expenses | $41M |
| Selling & Marketing | $132M |
| General & Administrative | $24M |
| SG&A Expenses | $157M |
| Other Expenses | $8M |
| Operating Expenses | $205M |
| Cost & Expenses | $741M |
| OPERATING INCOME | $123M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $18M |
| EBIT | $123M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $93.0K |
| Other Non-Cash Items | -$660.0K |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $176M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $36.5K |
| Purchases of Investments | -$613.0K |
| Sales/Maturities of Investments | $644.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $166M |
| Net Change in Cash | $160M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $584M |
| Short-Term Investments | $0 |
| Net Receivables | $520M |
| Inventory | $342M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $82M |
| Goodwill | $347M |
| Intangible Assets | $124M |
| Long-Term Investments | $16M |
| Tax Assets | $90M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $682M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $436M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $191M |
| TOTAL CURRENT LIABILITIES | $914M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $30M |
| Additional Paid-In Capital | $42M |
| Retained Earnings | $1.3B |
| Treasury Stock | -$165M |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $0 |
| Net Debt | -$584M |
