| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $715M | $578M | $687M | 23.7% | 4.0% |
| Op. Income | $245M | $172M | $230M | 42.4% | 6.2% |
| Gross Margin | 59.9% | 58.3% | 60.6% | 1.6pp | -0.8pp |
| Net Margin | 25.9% | 24.4% | -51.4% | 1.5pp | 77.3pp |
| EPS (Diluted) | $2.46 | $1.83 | $-4.44 | 34.4% | 155.4% |
| Free Cash Flow | $150M | $87M | $162M | 71.1% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $715M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $428M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $143M |
| Other Expenses | $3M |
| Operating Expenses | $184M |
| Cost & Expenses | $470M |
| OPERATING INCOME | $245M |
| Interest Income | $10M |
| Interest Expense | $12M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $185M |
| D&A | $26M |
| EBIT | $209M |
| EBITDA | $235M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $715M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $428M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $143M |
| Other Expenses | $3M |
| Operating Expenses | $184M |
| Cost & Expenses | $470M |
| OPERATING INCOME | $245M |
| Interest Income | $10M |
| Interest Expense | $12M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $185M |
| D&A | $26M |
| EBIT | $209M |
| EBITDA | $235M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $185M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $129M |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $457M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | $426M |
| Net Debt Issuance | -$171.0K |
| Common Stock Repurchased | -$498M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$493M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $796M |
| Short-Term Investments | $939M |
| Net Receivables | $568M |
| Inventory | $292M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $343M |
| Goodwill | $356M |
| Intangible Assets | $247M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $68M |
| Short-Term Debt | $178.0K |
| Deferred Revenue | $165M |
| Other Current Liabilities | $180M |
| TOTAL CURRENT LIABILITIES | $449M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $563M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $6.0B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.1B |
| Net Debt | $352M |
