| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $432M | $399M | $427M | 8.2% | 1.2% |
| Op. Income | $151M | $123M | $155M | 22.9% | -2.3% |
| Gross Margin | 81.0% | 79.3% | 85.5% | 1.8pp | -4.5pp |
| Net Margin | 23.9% | 37.7% | 33.0% | -13.8pp | -9.2pp |
| EPS (Diluted) | $0.46 | $0.66 | $0.62 | -30.3% | -25.8% |
| Free Cash Flow | $0 | $73M | $0 | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $432M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $350M |
| R&D Expenses | $70M |
| Selling & Marketing | $106M |
| General & Administrative | $22M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $199M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $151M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $0 |
| EBIT | $151M |
| EBITDA | $151M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $432M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $350M |
| R&D Expenses | $70M |
| Selling & Marketing | $106M |
| General & Administrative | $22M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $199M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $151M |
| Interest Income | $18M |
| Interest Expense | $0 |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $0 |
| EBIT | $151M |
| EBITDA | $151M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$117M |
| 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 | $961M |
| Short-Term Investments | $598M |
| Net Receivables | $794M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $49M |
| Long-Term Investments | $907M |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $133M |
| Short-Term Debt | $0 |
| Deferred Revenue | $121M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $737M |
| Long-Term Debt | $886M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $907M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4.1B |
| Other Equity | -$4.1B |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | -$1M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $886M |
| Net Debt | -$75M |
