| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $786M | $742M | $662M | 5.8% | 18.7% |
| Op. Income | $90M | $64M | $63M | 39.4% | 43.0% |
| Gross Margin | 53.8% | 53.4% | 52.3% | 0.4pp | 1.5pp |
| Net Margin | 8.2% | 7.9% | 7.5% | 0.3pp | 0.6pp |
| EPS (Diluted) | $0.25 | $0.23 | $0.19 | 8.7% | 31.6% |
| Free Cash Flow | $167M | $65M | $136M | 158.3% | 23.0% |
| Item | Amount |
|---|---|
| REVENUE | $786M |
| Cost of Revenue | $363M |
| GROSS PROFIT | $423M |
| R&D Expenses | $110M |
| Selling & Marketing | $113M |
| General & Administrative | $89M |
| SG&A Expenses | $202M |
| Other Expenses | $2M |
| Operating Expenses | $331M |
| Cost & Expenses | $694M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $51M |
| EBIT | $98M |
| EBITDA | $144M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $786M |
| Cost of Revenue | $363M |
| GROSS PROFIT | $423M |
| R&D Expenses | $110M |
| Selling & Marketing | $113M |
| General & Administrative | $89M |
| SG&A Expenses | $202M |
| Other Expenses | $2M |
| Operating Expenses | $331M |
| Cost & Expenses | $694M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $51M |
| EBIT | $98M |
| EBITDA | $144M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | $185M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $700.0K |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $163M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $157M |
| FREE CASH FLOW | $167M |
| Net Change in Cash | $297M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $571M |
| Short-Term Investments | $0 |
| Net Receivables | $476M |
| Inventory | $282M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $193M |
| Goodwill | $2.7B |
| Intangible Assets | $422M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $175M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $159M |
| Short-Term Debt | $400.0K |
| Deferred Revenue | $319M |
| Other Current Liabilities | $222M |
| TOTAL CURRENT LIABILITIES | $717M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $260M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$161M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $200.0K |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.3B |
| Net Debt | $716M |
