| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $428M | $422M | $458M | 1.4% | -6.6% |
| Op. Income | $68M | $66M | $89M | 3.0% | -23.6% |
| Gross Margin | 94.2% | 93.6% | 95.0% | 0.6pp | -0.8pp |
| Net Margin | 11.7% | 8.1% | 15.1% | 3.6pp | -3.4pp |
| EPS (Diluted) | $0.36 | $0.24 | $0.49 | 50.0% | -26.5% |
| Free Cash Flow | -$22M | $160M | $0 | -113.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $403M |
| R&D Expenses | $76M |
| Selling & Marketing | $176M |
| General & Administrative | $127M |
| SG&A Expenses | $303M |
| Other Expenses | $5M |
| Operating Expenses | $335M |
| Cost & Expenses | $360M |
| OPERATING INCOME | $68M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $31M |
| EBIT | $75M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $403M |
| R&D Expenses | $76M |
| Selling & Marketing | $176M |
| General & Administrative | $127M |
| SG&A Expenses | $303M |
| Other Expenses | $5M |
| Operating Expenses | $335M |
| Cost & Expenses | $360M |
| OPERATING INCOME | $68M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $31M |
| EBIT | $75M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$107M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $838M |
| Short-Term Investments | $95M |
| Net Receivables | $218M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $341M |
| Goodwill | $746M |
| Intangible Assets | $92M |
| Long-Term Investments | $14M |
| Tax Assets | $2M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $72M |
| Other Current Liabilities | $255M |
| TOTAL CURRENT LIABILITIES | $468M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $352M |
| TOTAL LIABILITIES | $820M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$547M |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $145M |
| Net Debt | -$693M |
