| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $554M | $481M | 3.4% | 19.2% |
| Op. Income | $151M | $132M | $93M | 14.9% | 62.9% |
| Gross Margin | 48.0% | 47.4% | 45.7% | 0.5pp | 2.3pp |
| Net Margin | 21.4% | 19.0% | 25.1% | 2.5pp | -3.6pp |
| EPS (Diluted) | $2.22 | $1.90 | $2.19 | 16.8% | 1.4% |
| Free Cash Flow | $97M | $63M | $104M | 53.4% | -6.4% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $298M |
| GROSS PROFIT | $275M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $11M |
| Operating Expenses | $124M |
| Cost & Expenses | $422M |
| OPERATING INCOME | $151M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $20M |
| EBIT | $151M |
| EBITDA | $172M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $298M |
| GROSS PROFIT | $275M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $11M |
| Operating Expenses | $124M |
| Cost & Expenses | $422M |
| OPERATING INCOME | $151M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $149M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $123M |
| D&A | $20M |
| EBIT | $151M |
| EBITDA | $172M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $427M |
| Short-Term Investments | $204M |
| Net Receivables | $340M |
| Inventory | $385M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $174M |
| Goodwill | $589M |
| Intangible Assets | $343M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $88M |
| Short-Term Debt | $13M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $154M |
| TOTAL CURRENT LIABILITIES | $282M |
| Long-Term Debt | $342M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $490M |
| TOTAL LIABILITIES | $772M |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $793M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $355M |
| Net Debt | -$73M |
