| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $482M | $460M | $377M | 4.7% | 27.7% |
| Op. Income | $183M | $162M | $145M | 13.0% | 26.0% |
| Gross Margin | 82.8% | 84.8% | 80.9% | -2.0pp | 1.9pp |
| Net Margin | 34.6% | 35.9% | 34.7% | -1.4pp | -0.1pp |
| EPS (Diluted) | $0.73 | $0.73 | $0.58 | 0.0% | 25.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $482M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $399M |
| R&D Expenses | $63M |
| Selling & Marketing | $141M |
| General & Administrative | $13M |
| SG&A Expenses | $153M |
| Other Expenses | $0 |
| Operating Expenses | $216M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $183M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $0 |
| EBIT | $183M |
| EBITDA | $183M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $482M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $399M |
| R&D Expenses | $63M |
| Selling & Marketing | $141M |
| General & Administrative | $13M |
| SG&A Expenses | $153M |
| Other Expenses | $0 |
| Operating Expenses | $216M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $183M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $0 |
| EBIT | $183M |
| EBITDA | $183M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$169M |
| 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 | $1.2B |
| Short-Term Investments | $591M |
| Net Receivables | $479M |
| Inventory | $0 |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $46M |
| Goodwill | $29M |
| Intangible Assets | $21M |
| Long-Term Investments | $695M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $806M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $124M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100M |
| Other Current Liabilities | $230M |
| TOTAL CURRENT LIABILITIES | $630M |
| Long-Term Debt | $884M |
| Deferred Revenue NC | -$13M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $897M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $57.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $723M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $884M |
| Net Debt | -$350M |
