| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $422M | $376M | — | 12.2% | — |
| Op. Income | $66M | $31M | — | 112.9% | — |
| Gross Margin | 93.6% | 94.4% | — | -0.8pp | — |
| Net Margin | 8.1% | 6.9% | — | 1.1pp | — |
| EPS (Diluted) | $0.24 | $0.18 | — | 33.3% | — |
| Free Cash Flow | $160M | $165M | — | -3.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $422M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $395M |
| R&D Expenses | $74M |
| Selling & Marketing | $180M |
| General & Administrative | $119M |
| SG&A Expenses | $299M |
| Other Expenses | -$44M |
| Operating Expenses | $329M |
| Cost & Expenses | $356M |
| OPERATING INCOME | $66M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $30M |
| EBIT | $66M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $422M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $395M |
| R&D Expenses | $74M |
| Selling & Marketing | $180M |
| General & Administrative | $119M |
| SG&A Expenses | $299M |
| Other Expenses | -$44M |
| Operating Expenses | $329M |
| Cost & Expenses | $356M |
| OPERATING INCOME | $66M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $30M |
| EBIT | $66M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $181M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $160M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $901M |
| Short-Term Investments | $65M |
| Net Receivables | $270M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $337M |
| Goodwill | $754M |
| Intangible Assets | $102M |
| Long-Term Investments | $12M |
| Tax Assets | $1M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $404M |
| TOTAL CURRENT LIABILITIES | $638M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $353M |
| TOTAL LIABILITIES | $991M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$547M |
| Accum. Other Comp. Income | -$65M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $147M |
| Net Debt | -$754M |
