| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $950M | $861M | $726M | 10.3% | 31.0% |
| Op. Income | $174M | $158M | $155M | 9.5% | 11.9% |
| Gross Margin | 34.0% | 32.9% | 39.5% | 1.1pp | -5.5pp |
| Net Margin | 15.8% | 15.7% | 19.4% | 0.1pp | -3.6pp |
| EPS (Diluted) | $0.09 | $0.08 | $0.09 | 10.7% | 5.1% |
| Free Cash Flow | $197M | $272M | $240M | -27.5% | -17.8% |
| Item | Amount |
|---|---|
| REVENUE | $950M |
| Cost of Revenue | $627M |
| GROSS PROFIT | $323M |
| R&D Expenses | $0 |
| Selling & Marketing | $76M |
| General & Administrative | $105M |
| SG&A Expenses | $181M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $808M |
| OPERATING INCOME | $174M |
| Interest Income | $22M |
| Interest Expense | $3M |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $13M |
| EBIT | $173M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $950M |
| Cost of Revenue | $627M |
| GROSS PROFIT | $323M |
| R&D Expenses | $0 |
| Selling & Marketing | $76M |
| General & Administrative | $105M |
| SG&A Expenses | $181M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $808M |
| OPERATING INCOME | $174M |
| Interest Income | $22M |
| Interest Expense | $3M |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $13M |
| EBIT | $173M |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$99M |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $197M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $95M |
| Net Receivables | $253M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $45M |
| Goodwill | $2.5B |
| Intangible Assets | $239M |
| Long-Term Investments | $674M |
| Tax Assets | $19M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $365M |
| Short-Term Debt | $0 |
| Deferred Revenue | $236M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $292.1K |
| Additional Paid-In Capital | $5.0B |
| Retained Earnings | $873M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $187M |
| Other Equity | -$4M |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $14M |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $21M |
| Net Debt | -$2.9B |
