| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $427M | $350M | $253M | 21.9% | 68.4% |
| Op. Income | $155M | $109M | $88M | 41.6% | 76.1% |
| Gross Margin | 85.5% | 82.0% | 80.1% | 3.5pp | 5.4pp |
| Net Margin | 33.0% | 28.3% | 29.0% | 4.7pp | 4.0pp |
| EPS (Diluted) | $0.62 | $0.44 | $0.33 | 40.9% | 87.9% |
| Free Cash Flow | $0 | $80M | $0 | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $427M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $365M |
| R&D Expenses | $61M |
| Selling & Marketing | $140M |
| General & Administrative | $9M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $272M |
| OPERATING INCOME | $155M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $427M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $365M |
| R&D Expenses | $61M |
| Selling & Marketing | $140M |
| General & Administrative | $9M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $272M |
| OPERATING INCOME | $155M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$153M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $1.3B |
| Net Receivables | $307M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $568M |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $664M |
| TOTAL ASSETS | $2.9B |
| Account Payables | $99M |
| Short-Term Debt | $0 |
| Deferred Revenue | $101M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $557M |
| Long-Term Debt | $882M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $884M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.9B |
| Other Equity | -$2.9B |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $1M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $882M |
| Net Debt | $567M |
