| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $217M | $199M | 6.1% | 15.9% |
| Op. Income | $25M | $18M | $25M | 39.6% | 0.6% |
| Gross Margin | 58.9% | 60.5% | 58.7% | -1.6pp | 0.2pp |
| Net Margin | 12.1% | 6.6% | 10.0% | 5.5pp | 2.0pp |
| EPS (Diluted) | $0.63 | $0.32 | $0.46 | 96.9% | 37.0% |
| Free Cash Flow | $87M | $21M | $59M | 311.5% | 49.0% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $136M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $25M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $19M |
| EBIT | $27M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $136M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $25M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $19M |
| EBIT | $27M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$106M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $377M |
| Net Receivables | $75M |
| Inventory | $78M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $801M |
| PP&E (Net) | $136M |
| Goodwill | $397M |
| Intangible Assets | $182M |
| Long-Term Investments | $6M |
| Tax Assets | -$6M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $803M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $147M |
| Long-Term Debt | $351M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $409M |
| TOTAL LIABILITIES | $557M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $103M |
| Retained Earnings | $946M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $351M |
| Net Debt | $126M |
