Financial Highlights
Revenue: $1,505,000,000; YoY growth: 13.33%; QoQ growth: 6.21%\nGross Profit: $1,365,000,000; Gross Margin: 90.70%; YoY gross profit growth: 14.71%; QoQ: 6.64%\nOperating Income: $343,000,000; Operating Margin: 22.79%; YoY operating income growth: 38.31%; QoQ: 14.72%\nNet Income: $282,000,000; Net Margin: 18.73%; YoY net income growth: 27.03%; QoQ: 11.90%\nEPS (Diluted): $1.30; EPS (GAAP/Basic): $1.31; YoY EPS growth: 25.96%; QoQ: 11.97%\nCash Flow: Net cash provided by operating activities $212,000,000; Depreciation & amortization $46,000,000; Change in working capital negative $289,000,000; Stock-based compensation $167,000,000; Accounts receivable change -$49,000,000; Accounts payable $136,000,000; Free cash flow $198,000,000; Capex $14,000,000\nBalance Sheet Highlights: Cash & equivalents $1,513,000,000; Short-term investments $365,000,000; Total cash & investments $1,873,000,000; Total assets $9,960,000,000; Total debt $2,603,000,000; Net debt $1,090,000,000; Deferred revenue current $3,228,000,000; Total liabilities $7,486,000,000; Total stockholders’ equity $2,474,000,000; Current ratio 0.64; Quick ratio 0.64; Debt/Equity ~1.05; EBITDA $389,000,000; EBITDARatio 0.258; FCF Margin ~13.2% of revenue; P/E ~47.5x; P/S ~35.7x; EV/Revenue ~137x; P/B ~21.7x
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.51B |
13.33% |
6.21% |
| Gross Profit |
1.37B |
14.71% |
6.64% |
| Operating Income |
343.00M |
38.31% |
14.72% |
| Net Income |
282.00M |
27.03% |
11.90% |
| EPS |
1.31 |
25.96% |
11.97% |