| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $399M | $482M | $350M | -17.2% | 14.1% |
| Op. Income | $123M | $183M | $109M | -32.8% | 12.5% |
| Gross Margin | 79.3% | 82.8% | 82.0% | -3.5pp | -2.8pp |
| Net Margin | 37.7% | 34.6% | 28.3% | 3.1pp | 9.4pp |
| EPS (Diluted) | $0.66 | $0.73 | $0.44 | -9.6% | 50.0% |
| Free Cash Flow | $73M | $0 | $80M | — | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $316M |
| R&D Expenses | $70M |
| Selling & Marketing | $106M |
| General & Administrative | $17M |
| SG&A Expenses | $123M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $276M |
| OPERATING INCOME | $123M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $150M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $7M |
| EBIT | $123M |
| EBITDA | $130M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $316M |
| R&D Expenses | $70M |
| Selling & Marketing | $106M |
| General & Administrative | $17M |
| SG&A Expenses | $123M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $276M |
| OPERATING INCOME | $123M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | $172M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $150M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $7M |
| EBIT | $123M |
| EBITDA | $130M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $151M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $185.0K |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | -$291M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$187M |
| NET CASH FROM INVESTING | -$452M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $45.0K |
| NET CASH FROM FINANCING | $45.0K |
| FREE CASH FLOW | $73M |
| Net Change in Cash | -$348M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $827M |
| Short-Term Investments | $666M |
| Net Receivables | $775M |
| Inventory | $211M |
| Other Current Assets | $254M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $61M |
| Goodwill | $30M |
| Intangible Assets | $21M |
| Long-Term Investments | $872M |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $153M |
| Short-Term Debt | $0 |
| Deferred Revenue | $179M |
| Other Current Liabilities | $327M |
| TOTAL CURRENT LIABILITIES | $735M |
| Long-Term Debt | $885M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $907M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $57.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $874M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $899M |
| Net Debt | $72M |
