| Metric | Q2 2017 | Q1 2017 | Q2 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $372M | $391M | 14.0% | 8.4% |
| Op. Income | $46M | $27M | $48M | 70.4% | -4.2% |
| Gross Margin | 95.3% | 95.4% | 94.9% | -0.1pp | 0.4pp |
| Net Margin | 6.4% | 3.5% | 8.7% | 2.9pp | -2.3pp |
| EPS (Diluted) | $0.19 | $0.09 | $0.23 | 111.1% | -17.4% |
| Free Cash Flow | $204M | $116M | $218M | 75.9% | -6.4% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $404M |
| R&D Expenses | $64M |
| Selling & Marketing | $229M |
| General & Administrative | $102M |
| SG&A Expenses | $331M |
| Other Expenses | -$37M |
| Operating Expenses | $358M |
| Cost & Expenses | $378M |
| OPERATING INCOME | $46M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $27M |
| EBIT | $46M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $404M |
| R&D Expenses | $64M |
| Selling & Marketing | $229M |
| General & Administrative | $102M |
| SG&A Expenses | $331M |
| Other Expenses | -$37M |
| Operating Expenses | $358M |
| Cost & Expenses | $378M |
| OPERATING INCOME | $46M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $27M |
| EBIT | $46M |
| EBITDA | $75M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $147M |
| OPERATING CASH FLOW | $221M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $887M |
| Short-Term Investments | $17M |
| Net Receivables | $252M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $266M |
| Goodwill | $750M |
| Intangible Assets | $156M |
| Long-Term Investments | $4M |
| Tax Assets | $47M |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $7M |
| Short-Term Debt | $7M |
| Deferred Revenue | $90M |
| Other Current Liabilities | $475M |
| TOTAL CURRENT LIABILITIES | $621M |
| Long-Term Debt | $260M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $222M |
| TOTAL NON-CURRENT LIABILITIES | $497M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $873M |
| Retained Earnings | $985M |
| Treasury Stock | -$447M |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $267M |
| Net Debt | -$620M |
