| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $847M | $633M | $706M | 33.8% | 20.0% |
| Op. Income | $179M | $98M | $205M | 82.3% | -12.5% |
| Gross Margin | 83.3% | 80.0% | 81.7% | 3.3pp | 1.6pp |
| Net Margin | 20.6% | 14.9% | 29.5% | 5.8pp | -8.8pp |
| EPS (Diluted) | $0.25 | $0.14 | $0.30 | 78.6% | -16.7% |
| Free Cash Flow | $208M | $164M | $97M | 27.0% | 113.8% |
| Item | Amount |
|---|---|
| REVENUE | $847M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $705M |
| R&D Expenses | $241M |
| Selling & Marketing | $191M |
| General & Administrative | $95M |
| SG&A Expenses | $285M |
| Other Expenses | $0 |
| Operating Expenses | $526M |
| Cost & Expenses | $667M |
| OPERATING INCOME | $179M |
| Interest Income | $822.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $7M |
| EBIT | $180M |
| EBITDA | $187M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $847M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $705M |
| R&D Expenses | $241M |
| Selling & Marketing | $191M |
| General & Administrative | $95M |
| SG&A Expenses | $285M |
| Other Expenses | $0 |
| Operating Expenses | $526M |
| Cost & Expenses | $667M |
| OPERATING INCOME | $179M |
| Interest Income | $822.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $177M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $175M |
| D&A | $7M |
| EBIT | $180M |
| EBITDA | $187M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $139M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $212M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$37M |
| Purchases of Investments | -$226M |
| Sales/Maturities of Investments | $237M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $208M |
| Net Change in Cash | $186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.1B |
| Net Receivables | $653M |
| Inventory | $0 |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $281M |
| Goodwill | $40M |
| Intangible Assets | $21M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $356M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $18M |
| Short-Term Debt | $42M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $239M |
| TOTAL LIABILITIES | $498M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $251M |
| Net Debt | -$1.2B |
