2018 Q2 Form 10-Q Financial Statement

#000159653218000174 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $519.8M $405.2M
YoY Change 28.29% 50.78%
Cost Of Revenue $186.0M $145.4M
YoY Change 27.87% 49.49%
Gross Profit $333.9M $259.8M
YoY Change 28.53% 51.52%
Gross Profit Margin 64.23% 64.11%
Selling, General & Admin $64.61M $61.95M
YoY Change 4.29% 25.73%
% of Gross Profit 19.35% 23.85%
Research & Development $104.1M $81.19M
YoY Change 28.18% 17.64%
% of Gross Profit 31.17% 31.26%
Depreciation & Amortization $5.400M $5.000M
YoY Change 8.0% 4.17%
% of Gross Profit 1.62% 1.92%
Operating Expenses $573.7M $143.1M
YoY Change 300.78% 21.01%
Operating Profit -$239.8M $116.6M
YoY Change -305.6% 119.41%
Interest Expense $680.0K $623.0K
YoY Change 9.15% -189.0%
% of Operating Profit 0.53%
Other Income/Expense, Net -$2.169M $496.0K
YoY Change -537.3% -256.96%
Pretax Income -$242.0M $117.1M
YoY Change -306.58% 121.66%
Income Tax -$86.70M $14.45M
% Of Pretax Income 12.33%
Net Earnings -$155.3M $102.7M
YoY Change -251.21% 163.94%
Net Earnings / Revenue -29.87% 25.34%
Basic Earnings Per Share -$2.08 $1.42
Diluted Earnings Per Share -$2.08 $1.30
COMMON SHARES
Basic Shares Outstanding 74.50M shares 71.99M shares
Diluted Shares Outstanding 74.50M shares 78.76M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.860B $1.125B
YoY Change 65.39% 36.54%
Cash & Equivalents $711.2M $823.5M
Short-Term Investments $1.149B $301.4M
Other Short-Term Assets $87.16M $124.4M
YoY Change -29.92% 352.01%
Inventory $245.4M $363.8M
Prepaid Expenses
Receivables $260.9M $269.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.621B $1.949B
YoY Change 34.44% 70.67%
LONG-TERM ASSETS
Property, Plant & Equipment $73.74M $75.84M
YoY Change -2.77% -4.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.00M $36.10M
YoY Change -3.05% -7.67%
Other Assets $20.02M $20.31M
YoY Change -1.41% 7.94%
Total Long-Term Assets $211.6M $213.8M
YoY Change -1.03% 10.79%
TOTAL ASSETS
Total Short-Term Assets $2.621B $1.949B
Total Long-Term Assets $211.6M $213.8M
Total Assets $2.832B $2.163B
YoY Change 30.94% 62.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.18M $80.42M
YoY Change -33.87% 33.81%
Accrued Expenses $86.69M $84.41M
YoY Change 2.7% 53.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $826.8M $610.8M
YoY Change 35.36% 131.86%
LONG-TERM LIABILITIES
Long-Term Debt $36.60M $38.70M
YoY Change -5.43% -4.21%
Other Long-Term Liabilities $22.12M $7.992M
YoY Change 176.73% 18.33%
Total Long-Term Liabilities $22.12M $7.992M
YoY Change 176.73% 18.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $826.8M $610.8M
Total Long-Term Liabilities $22.12M $7.992M
Total Liabilities $1.112B $805.2M
YoY Change 38.12% 92.56%
SHAREHOLDERS EQUITY
Retained Earnings $852.0M $621.6M
YoY Change 37.07% 91.21%
Common Stock $8.000K $7.000K
YoY Change 14.29% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.720B $1.358B
YoY Change
Total Liabilities & Shareholders Equity $2.832B $2.163B
YoY Change 30.94% 62.02%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$155.3M $102.7M
YoY Change -251.21% 163.94%
Depreciation, Depletion And Amortization $5.400M $5.000M
YoY Change 8.0% 4.17%
Cash From Operating Activities $130.6M $79.20M
YoY Change 64.9% 22.03%
INVESTING ACTIVITIES
Capital Expenditures -$6.800M -$4.900M
YoY Change 38.78% 19.51%
Acquisitions
YoY Change
Other Investing Activities -$306.4M -$5.100M
YoY Change 5907.84% -97.91%
Cash From Investing Activities -$313.1M -$10.00M
YoY Change 3031.0% -95.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.100M 7.500M
YoY Change 8.0% 108.33%
NET CHANGE
Cash From Operating Activities 130.6M 79.20M
Cash From Investing Activities -313.1M -10.00M
Cash From Financing Activities 8.100M 7.500M
Net Change In Cash -174.4M 76.70M
YoY Change -327.38% -142.75%
FREE CASH FLOW
Cash From Operating Activities $130.6M $79.20M
Capital Expenditures -$6.800M -$4.900M
Free Cash Flow $137.4M $84.10M
YoY Change 63.38% 21.88%

Facts In Submission

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CY2017Q4 us-gaap Employee Related Liabilities Current
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CY2018Q2 us-gaap Employee Related Liabilities Current
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CY2017Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
0 USD
us-gaap Equity Securities Fv Ni Gain Loss
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0 USD
CY2018Q2 us-gaap Equity Securities Fv Ni Gain Loss
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us-gaap Equity Securities Fv Ni Gain Loss
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CY2017Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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36100000 USD
CY2018Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
35000000 USD
us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
1200000 USD
CY2018Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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-10300000 USD
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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10300000 USD
CY2018Q2 us-gaap General And Administrative Expense
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18420000 USD
CY2018Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
1200000 USD
us-gaap Income Tax Expense Benefit
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5212000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38099000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
259777000 USD
us-gaap Gross Profit
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473987000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
333883000 USD
us-gaap Gross Profit
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636802000 USD
CY2017Q2 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2018Q2 us-gaap Impairment Of Investments
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0 USD
us-gaap Impairment Of Investments
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0 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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117130000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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190858000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-241972000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2017Q2 us-gaap Income Tax Expense Benefit
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14445000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-86703000 USD
us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Payable
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1299000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3597000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16505000 USD
us-gaap Increase Decrease In Accounts Receivable
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13571000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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5380000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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6653000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-5981000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-47153000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
181575000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-50096000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
127313000 USD
us-gaap Increase Decrease In Inventories
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-60759000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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470000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Other Operating Liabilities
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3593000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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22239000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
72418000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6625000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6474000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2017Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
1338000 USD
CY2018Q2 us-gaap Interest Expense
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680000 USD
us-gaap Interest Expense
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1367000 USD
CY2017Q2 us-gaap Interest Income Other
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1425000 USD
us-gaap Interest Income Other
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2557000 USD
CY2018Q2 us-gaap Interest Income Other
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us-gaap Interest Income Other
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13348000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
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176515000 USD
CY2017Q4 us-gaap Inventory Net
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CY2018Q2 us-gaap Inventory Net
InventoryNet
245439000 USD
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
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69673000 USD
CY2018Q2 us-gaap Inventory Raw Materials Net Of Reserves
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68924000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-753000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
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783000 USD
CY2017Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2600000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5000000 USD
CY2018Q2 us-gaap Lease And Rental Expense
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2600000 USD
us-gaap Lease And Rental Expense
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5100000 USD
us-gaap Lessee Operating Lease Lease Not Yet Commenced Variable Lease Payment Terms And Conditions
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with the remainder due in 2021 through 2028
CY2017Q4 us-gaap Liabilities
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CY2018Q2 us-gaap Liabilities
Liabilities
1112141000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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2460860000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
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CY2017Q4 us-gaap Liabilities Current
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CY2018Q2 us-gaap Liabilities Current
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CY2017Q4 us-gaap Litigation Reserve Current
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0 USD
CY2018Q2 us-gaap Litigation Reserve Current
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405000000 USD
CY2017Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
CY2018Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
405000000 USD
CY2018Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
405000000 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
405000000 USD
CY2017Q4 us-gaap Long Term Investments
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36136000 USD
CY2018Q2 us-gaap Long Term Investments
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35036000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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25976000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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23426000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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242095000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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326125000 USD
CY2017Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2018Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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102454000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
185139000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
102474000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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185182000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Nonoperating Income Expense
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806000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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1987000 USD
us-gaap Number Of Reportable Segments
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143143000 USD
us-gaap Operating Expenses
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283935000 USD
CY2018Q2 us-gaap Operating Expenses
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573686000 USD
us-gaap Operating Expenses
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CY2017Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2018Q2 us-gaap Other Accrued Liabilities Current
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CY2017Q4 us-gaap Other Assets Noncurrent
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CY2018Q2 us-gaap Other Assets Noncurrent
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CY2017Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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384000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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157000 USD
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
377000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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222000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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65000 USD
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242000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Nonoperating Expense
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CY2017Q2 us-gaap Other Nonoperating Income Expense
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OtherNonoperatingIncomeExpense
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us-gaap Payments For Proceeds From Other Investing Activities
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2000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9534000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13071000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2018Q2 us-gaap Preferred Stock Shares Issued
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PreferredStockSharesOutstanding
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CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2017Q4 us-gaap Preferred Stock Shares Authorized
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CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
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253802000 USD
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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28105000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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28810000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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112053000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
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8182000 USD
us-gaap Product Warranty Accrual Payments
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2426000 USD
us-gaap Product Warranty Accrual Payments
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3046000 USD
us-gaap Product Warranty Accrual Warranties Issued
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3944000 USD
us-gaap Product Warranty Accrual Warranties Issued
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3813000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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152992000 USD
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73736000 USD
CY2018Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
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CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
162804000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
104078000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
206440000 USD
CY2017Q2 us-gaap Restricted Cash
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CY2018Q2 us-gaap Restricted Cash
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CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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851957000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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405211000 USD
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
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CY2018Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P2Y
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P3Y
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Percentage
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0.79
CY2018Q2 us-gaap Revenue Remaining Performance Obligation Percentage
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CY2017Q2 us-gaap Selling And Marketing Expense
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us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
46188000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
43329000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
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2211000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
13512000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
15542000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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2827000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.87
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
25000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
82000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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1422637000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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1408382000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7024000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6361000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.05
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
36.10
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
29.87
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
42.79
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
244.20
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
663243000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M17D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M2D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M16D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
720000 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1661914000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1719973000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
231000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
507000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-82000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-6000 USD
CY2017Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-20000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-43000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-9100000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78756000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78166000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74503000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74250000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71992000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71555000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74503000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74250000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Those estimates and assumptions include, but are not limited to, revenue recognition and deferred revenue; allowance for doubtful accounts, sales rebates and return reserves; accounting for income taxes, including the valuation allowance on deferred tax assets and reserves for uncertain tax positions; valuation of inventory and contract manufacturer/supplier liabilities; recognition and measurement of contingent liabilities; valuation of equity investments in privately-held companies; determination of fair value for stock-based awards; and valuation of warranty accruals. We evaluate our estimates and assumptions based on historical experience and other factors and adjust those estimates and assumptions when facts and circumstances dictate. Actual results could differ materially from those estimates.</font></div></div>

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