2018 Q4 Form 10-Q Financial Statement

#000159653218000233 Filed on November 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $595.7M $563.3M $437.6M
YoY Change 27.33% 28.72% 50.77%
Cost Of Revenue $220.7M $201.7M $157.0M
YoY Change 37.36% 28.47% 51.21%
Gross Profit $375.0M $361.6M $280.6M
YoY Change 22.08% 28.85% 50.53%
Gross Profit Margin 62.95% 64.19% 64.12%
Selling, General & Admin $62.91M $63.22M $60.18M
YoY Change 3.82% 5.07% 14.07%
% of Gross Profit 16.78% 17.49% 21.44%
Research & Development $118.4M $117.6M $79.61M
YoY Change 10.5% 47.71% 12.69%
% of Gross Profit 31.58% 32.52% 28.37%
Depreciation & Amortization $9.300M $5.400M $5.200M
YoY Change 78.85% 3.85% 1.96%
% of Gross Profit 2.48% 1.49% 1.85%
Operating Expenses $181.4M $180.8M $139.8M
YoY Change 8.09% 29.35% 13.28%
Operating Profit $193.6M $180.8M $140.8M
YoY Change 38.92% 28.36% 123.47%
Interest Expense $4.400M $673.0K $701.0K
YoY Change -728.57% -3.99% -200.14%
% of Operating Profit 2.27% 0.37% 0.5%
Other Income/Expense, Net $4.848M $8.619M $1.435M
YoY Change 115.75% 500.63% -1594.79%
Pretax Income $198.5M $189.4M $142.3M
YoY Change 40.14% 33.12% 126.09%
Income Tax $28.17M $20.87M $8.545M
% Of Pretax Income 14.19% 11.02% 6.01%
Net Earnings $170.3M $168.5M $133.7M
YoY Change 64.03% 26.03% 160.89%
Net Earnings / Revenue 28.59% 29.92% 30.56%
Basic Earnings Per Share $2.26 $2.25 $1.84
Diluted Earnings Per Share $2.10 $2.08 $1.68
COMMON SHARES
Basic Shares Outstanding 75.43M shares 75.01M shares 72.59M shares
Diluted Shares Outstanding 81.02M shares 79.32M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.956B $1.662B $1.343B
YoY Change 27.39% 23.73% 67.86%
Cash & Equivalents $650.0M $524.7M $854.5M
Short-Term Investments $1.306B $1.137B $488.6M
Other Short-Term Assets $95.73M $118.3M $126.2M
YoY Change -0.5% -6.28% 127.93%
Inventory $264.6M $216.3M $333.2M
Prepaid Expenses
Receivables $331.8M $322.1M $212.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.715B $2.436B $2.076B
YoY Change 19.78% 17.37% 56.74%
LONG-TERM ASSETS
Property, Plant & Equipment $75.36M $75.40M $73.06M
YoY Change 1.45% 3.2% -6.51%
Goodwill $53.68M $55.17M
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.30M $35.00M $36.10M
YoY Change -16.07% -3.05% 0.0%
Other Assets $22.70M $20.20M $21.28M
YoY Change 20.18% -5.07% 15.65%
Total Long-Term Assets $367.2M $362.2M $226.2M
YoY Change 88.85% 60.14% 16.04%
TOTAL ASSETS
Total Short-Term Assets $2.715B $2.436B $2.076B
Total Long-Term Assets $367.2M $362.2M $226.2M
Total Assets $3.082B $2.798B $2.302B
YoY Change 25.24% 21.57% 51.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.76M $85.10M $32.89M
YoY Change 79.61% 158.71% -57.31%
Accrued Expenses $123.3M $103.1M $94.46M
YoY Change -7.9% 9.16% 22.41%
Deferred Revenue $358.6M $10.90M
YoY Change 9.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $606.5M $539.8M $567.5M
YoY Change 14.46% -4.89% 59.84%
LONG-TERM LIABILITIES
Long-Term Debt $35.40M $36.00M $38.20M
YoY Change -6.1% -5.76% -4.5%
Other Long-Term Liabilities $28.10M $23.07M $7.811M
YoY Change 188.33% 195.29% 13.2%
Total Long-Term Liabilities $28.10M $23.07M $7.811M
YoY Change 188.33% 195.29% 13.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $606.5M $539.8M $567.5M
Total Long-Term Liabilities $28.10M $23.07M $7.811M
Total Liabilities $938.6M $852.4M $777.2M
YoY Change 17.48% 9.68% 53.09%
SHAREHOLDERS EQUITY
Retained Earnings $1.191B $1.020B $755.3M
YoY Change 38.61% 35.11% 100.7%
Common Stock $8.000K $8.000K $7.000K
YoY Change 14.29% 14.29% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.143B $1.946B $1.525B
YoY Change
Total Liabilities & Shareholders Equity $3.082B $2.798B $2.302B
YoY Change 25.24% 21.57% 51.52%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $170.3M $168.5M $133.7M
YoY Change 64.03% 26.03% 160.89%
Depreciation, Depletion And Amortization $9.300M $5.400M $5.200M
YoY Change 78.85% 3.85% 1.96%
Cash From Operating Activities $295.8M -$118.8M $205.9M
YoY Change 61.11% -157.7% -718.32%
INVESTING ACTIVITIES
Capital Expenditures -$6.200M -$4.500M -$2.700M
YoY Change 100.0% 66.67% -28.95%
Acquisitions
YoY Change
Other Investing Activities -$165.5M -$81.90M -$184.8M
YoY Change -12.48% -55.68% 2300.0%
Cash From Investing Activities -$171.6M -$86.50M -$187.4M
YoY Change -10.72% -53.84% 1543.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.600M 17.90M 12.20M
YoY Change -87.97% 46.72% -13.48%
NET CHANGE
Cash From Operating Activities 295.8M -118.8M 205.9M
Cash From Investing Activities -171.6M -86.50M -187.4M
Cash From Financing Activities 1.600M 17.90M 12.20M
Net Change In Cash 125.8M -187.4M 30.70M
YoY Change 2576.6% -710.42% -200.33%
FREE CASH FLOW
Cash From Operating Activities $295.8M -$118.8M $205.9M
Capital Expenditures -$6.200M -$4.500M -$2.700M
Free Cash Flow $302.0M -$114.3M $208.6M
YoY Change 61.76% -154.79% -807.12%

Facts In Submission

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DeferredRevenueNoncurrent
187556000 USD
CY2017Q3 us-gaap Depreciation
Depreciation
5200000 USD
us-gaap Depreciation
Depreciation
15000000 USD
CY2018Q3 us-gaap Depreciation
Depreciation
5400000 USD
us-gaap Depreciation
Depreciation
16000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15355000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18440000 USD
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.43
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.68
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.06
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.95
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
697000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-984000 USD
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.060
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.041
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.110
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.747
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
56626000 USD
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55422000 USD
CY2017Q3 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 USD
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 USD
CY2018Q3 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
0 USD
us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
9100000 USD
CY2017Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
36100000 USD
CY2018Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
35000000 USD
CY2018Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
847000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
333125000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
62110000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19535000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
65009000 USD
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15321000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
53420000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
0 USD
CY2018Q3 us-gaap Goodwill
Goodwill
55168000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
280617000 USD
us-gaap Gross Profit
GrossProfit
754604000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
361583000 USD
us-gaap Gross Profit
GrossProfit
998385000 USD
CY2017Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2018Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
189389000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
142267000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
9974000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1560000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
767000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
90311000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8545000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13757000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20865000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-67482000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-46075000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
30515000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-40508000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
68192000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
7421000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
10311000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4175000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-35917000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
192210000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
13161000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
96667000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-98284000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
20973000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
50507000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6636000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6528000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5967000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6298000 shares
CY2017Q3 us-gaap Interest Expense
InterestExpense
701000 USD
us-gaap Interest Expense
InterestExpense
2039000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
673000 USD
us-gaap Interest Expense
InterestExpense
2040000 USD
CY2017Q3 us-gaap Interest Income Other
InterestIncomeOther
2332000 USD
us-gaap Interest Income Other
InterestIncomeOther
4889000 USD
CY2018Q3 us-gaap Interest Income Other
InterestIncomeOther
8585000 USD
us-gaap Interest Income Other
InterestIncomeOther
21933000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
236525000 USD
CY2018Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
167616000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
306198000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
216313000 USD
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
69673000 USD
CY2018Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
48697000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
-1106000 USD
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
1863000 USD
CY2017Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7500000 USD
CY2018Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2800000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7900000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
852362000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2460860000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2798238000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
529905000 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
539782000 USD
CY2017Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
us-gaap Lessee Operating Lease Lease Not Yet Commenced Variable Lease Payment Terms And Conditions
LesseeOperatingLeaseLeaseNotYetCommencedVariableLeasePaymentTermsAndConditions
with the remainder due in 2021 through 2028
CY2017Q4 us-gaap Liabilities
Liabilities
798946000 USD
CY2018Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
405000000 USD
CY2018Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
0 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
405000000 USD
CY2017Q4 us-gaap Long Term Investments
LongTermInvestments
36136000 USD
CY2018Q3 us-gaap Long Term Investments
LongTermInvestments
35036000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38243000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
41336000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-199090000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-583452000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
447963000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
207300000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
133722000 USD
us-gaap Net Income Loss
NetIncomeLoss
319368000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
168524000 USD
us-gaap Net Income Loss
NetIncomeLoss
157793000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
133540000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
318643000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168439000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
157706000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
133555000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
318704000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
168445000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
157713000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1435000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2241000 USD
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8619000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
10606000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 business
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
139785000 USD
us-gaap Operating Expenses
OperatingExpenses
423720000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
180813000 USD
us-gaap Operating Expenses
OperatingExpenses
918680000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
140832000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
330884000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
180770000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
79705000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
47700000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1200000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
343000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
500000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-379000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1193000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5002000 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1705000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
96215000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
118262000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18891000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20199000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
178000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
400000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
109000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2504000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-165000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-100000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
488000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1311000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
16172000 USD
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
32727000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9745000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23065000 USD
CY2017Q3 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-196000 USD
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-609000 USD
CY2018Q3 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
707000 USD
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-187000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2136000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4280000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9292000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12646000 USD
CY2017Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8840000 USD
CY2018Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
14731000 USD
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 USD
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
15555000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
8000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2457000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6914000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
95640000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
325414000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
827198000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12159000 USD
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
177330000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
235881000 USD
CY2017Q4 us-gaap Prepaid Taxes
PrepaidTaxes
38134000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17613000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2018Q3 us-gaap Prepaid Taxes
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83598000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3000000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
41870000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
49642000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
135483000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
366999000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
6744000 USD
CY2017Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8286000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7415000 USD
CY2018Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
10115000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3478000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4198000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5020000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6898000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
143299000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
159794000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
74279000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
75397000 USD
CY2018Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
423100000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
79610000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
242414000 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
117589000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
324029000 USD
CY2017Q3 us-gaap Restricted Cash
RestrictedCash
5502000 USD
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
4210000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
859114000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1020481000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
437633000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1178319000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
563309000 USD
CY2018Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
555200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1555643000 USD
CY2018Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P3Y
CY2018Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.84
CY2018Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.16
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7024000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6027000 shares
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
40640000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
116297000 USD
CY2018Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
47903000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
136231000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
54991000 USD
CY2018Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
us-gaap Share Based Compensation
ShareBasedCompensation
66583000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2211000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
13512000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
15534000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2734000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.39
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
41000 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
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1422637000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1386807000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.05
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.78
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
33.07
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
53.44
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
244.20
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
665576000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M2D
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
P5Y5M9D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1038000 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1661914000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1945876000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
182000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
725000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
85000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
87000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
15000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
61000 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
6000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
7000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-9100000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79322000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78528000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81018000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80844000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71903000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75011000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72588000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74506000 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 condensed 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; valuation of goodwill and acquisition-related intangible assets, accounting for income taxes, including the valuation allowance on deferred tax assets and reserves for uncertain tax positions; estimate of useful lives of long-lived assets including intangible assets; 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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