| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $430M | $386M | $411M | 11.4% | 4.7% |
| Op. Income | $78M | $56M | $70M | 39.3% | 10.2% |
| Gross Margin | 68.1% | 65.7% | 66.9% | 2.4pp | 1.2pp |
| Net Margin | 14.4% | 11.7% | 15.2% | 2.7pp | -0.8pp |
| EPS (Diluted) | $0.95 | $0.69 | $0.98 | 37.7% | -3.1% |
| Free Cash Flow | $77M | $67M | $90M | 14.5% | -14.2% |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $293M |
| R&D Expenses | $52M |
| Selling & Marketing | $106M |
| General & Administrative | $47M |
| SG&A Expenses | $153M |
| Other Expenses | $10M |
| Operating Expenses | $215M |
| Cost & Expenses | $353M |
| OPERATING INCOME | $78M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$554.0K |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $44M |
| EBIT | $92M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $293M |
| R&D Expenses | $52M |
| Selling & Marketing | $106M |
| General & Administrative | $47M |
| SG&A Expenses | $153M |
| Other Expenses | $10M |
| Operating Expenses | $215M |
| Cost & Expenses | $353M |
| OPERATING INCOME | $78M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$554.0K |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $44M |
| EBIT | $92M |
| EBITDA | $136M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $91M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$125M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | -$185.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $717.0K |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $211M |
| Net Receivables | $327M |
| Inventory | $3M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $876M |
| PP&E (Net) | $248M |
| Goodwill | $1.4B |
| Intangible Assets | $411M |
| Long-Term Investments | $542M |
| Tax Assets | $31M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $30M |
| Short-Term Debt | $273M |
| Deferred Revenue | $246M |
| Other Current Liabilities | $212M |
| TOTAL CURRENT LIABILITIES | $941M |
| Long-Term Debt | $213M |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $53M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $412M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $19M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$554M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $590M |
| Net Debt | $362M |
