| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $554M | $512M | $437M | 8.3% | 26.8% |
| Op. Income | $132M | $120M | $84M | 9.7% | 57.5% |
| Gross Margin | 47.4% | 46.6% | 47.0% | 0.9pp | 0.4pp |
| Net Margin | 19.0% | 15.2% | 14.9% | 3.8pp | 4.1pp |
| EPS (Diluted) | $1.90 | $1.41 | $1.18 | 34.8% | 61.0% |
| Free Cash Flow | $63M | $67M | $62M | -5.9% | 2.3% |
| Item | Amount |
|---|---|
| REVENUE | $554M |
| Cost of Revenue | $291M |
| GROSS PROFIT | $263M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $13M |
| Operating Expenses | $131M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $132M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $20M |
| EBIT | $132M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $554M |
| Cost of Revenue | $291M |
| GROSS PROFIT | $263M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $13M |
| Operating Expenses | $131M |
| Cost & Expenses | $423M |
| OPERATING INCOME | $132M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $20M |
| EBIT | $132M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$705.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$617.0K |
| Net Debt Issuance | -$48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $201M |
| Net Receivables | $342M |
| Inventory | $366M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $173M |
| Goodwill | $593M |
| Intangible Assets | $356M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $92M |
| Short-Term Debt | $5M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $291M |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $492M |
| TOTAL LIABILITIES | $783M |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $791M |
| Retained Earnings | $893M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $347M |
| Net Debt | $6M |
