2017 Q3 Form 10-K Financial Statement

#000161873218000131 Filed on September 24, 2018

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2017 Q1
Revenue $226.1M $205.7M $199.2M
YoY Change 61.75% 79.33% 93.98%
Cost Of Revenue $97.52M $83.21M $76.85M
YoY Change 79.33% 91.75% 102.57%
Gross Profit $154.9M $122.5M $122.4M
YoY Change 81.42% 71.77% 88.95%
Gross Profit Margin 68.53% 59.54% 61.43%
Selling, General & Admin $151.2M $142.4M $126.9M
YoY Change 53.92% 68.25% 71.5%
% of Gross Profit 97.56% 116.24% 103.67%
Research & Development $67.82M $74.61M $70.91M
YoY Change 93.05% 137.68% 172.49%
% of Gross Profit 43.77% 60.92% 57.95%
Depreciation & Amortization $10.47M $9.760M $9.600M
YoY Change 40.92% 36.31% 53.35%
% of Gross Profit 6.76% 7.97% 7.85%
Operating Expenses $219.0M $217.0M $197.8M
YoY Change 64.23% 87.04% 97.78%
Operating Profit -$64.03M -$94.50M -$75.40M
YoY Change 33.59% 111.39% 114.02%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$547.0K $303.0K -$421.0K
YoY Change -42.96% -114.39% -115.91%
Pretax Income -$64.58M -$94.20M -$75.82M
YoY Change 32.09% 101.23% 132.69%
Income Tax $1.555M $2.639M $547.0K
% Of Pretax Income
Net Earnings -$66.13M -$96.84M -$76.37M
YoY Change 32.45% 106.82% 129.99%
Net Earnings / Revenue -29.25% -47.08% -38.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$430.3K -$671.8K -$538.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $349.1M $350.3M $355.2M
YoY Change 88.47% 82.66% 175.1%
Cash & Equivalents $138.4M $200.8M $226.0M
Short-Term Investments $210.7M $149.6M $129.1M
Other Short-Term Assets $52.20M $66.60M $37.40M
YoY Change 53.53% 119.8% 41.67%
Inventory
Prepaid Expenses
Receivables $178.9M $170.3M $151.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $580.1M $587.3M $543.8M
YoY Change 75.87% 105.62% 161.32%
LONG-TERM ASSETS
Property, Plant & Equipment $58.07M $53.55M $51.94M
YoY Change 37.55% 38.36% 46.73%
Goodwill $16.67M $16.64M $16.78M
YoY Change
Intangibles $26.00M $26.61M $27.22M
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.649M $6.225M $5.261M
YoY Change -4.12% -71.18% -70.28%
Total Long-Term Assets $158.1M $131.1M $126.9M
YoY Change 128.35% 117.34% 139.47%
TOTAL ASSETS
Total Short-Term Assets $580.1M $587.3M $543.8M
Total Long-Term Assets $158.1M $131.1M $126.9M
Total Assets $738.2M $718.3M $670.7M
YoY Change 84.98% 107.66% 156.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.73M $83.87M $65.23M
YoY Change 41.48% 216.49% 161.97%
Accrued Expenses $9.707M $9.018M $6.404M
YoY Change 75.31% -59.56% -62.98%
Deferred Revenue $170.1M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $311.1M $356.7M $294.5M
YoY Change 46.21% 133.32% 128.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $11.14M $9.163M $8.429M
YoY Change 909.97% -93.53% -92.57%
Total Long-Term Liabilities $11.14M $9.163M $8.429M
YoY Change 909.97% -95.74% -92.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $311.1M $356.7M $294.5M
Total Long-Term Liabilities $11.14M $9.163M $8.429M
Total Liabilities $521.1M $623.1M $538.8M
YoY Change 12.07% 69.45% 122.29%
SHAREHOLDERS EQUITY
Retained Earnings -$731.0M -$809.2M -$697.2M
YoY Change 65.4%
Common Stock $4.000K $4.000K $4.000K
YoY Change 300.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $217.1M $95.24M $131.9M
YoY Change
Total Liabilities & Shareholders Equity $738.2M $718.3M $670.7M
YoY Change 84.98% 107.66% 156.88%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2017 Q1
OPERATING ACTIVITIES
Net Income -$66.13M -$96.84M -$76.37M
YoY Change 32.45% 106.82% 129.99%
Depreciation, Depletion And Amortization $10.47M $9.760M $9.600M
YoY Change 40.92% 36.31% 53.35%
Cash From Operating Activities $6.880M -$16.01M $19.75M
YoY Change 190.3% -764.32% 340.85%
INVESTING ACTIVITIES
Capital Expenditures -$12.38M -$13.18M -$12.70M
YoY Change 39.57% -1.64% 22.35%
Acquisitions
YoY Change
Other Investing Activities -$61.49M -$20.53M -$7.850M
YoY Change -512.13% -26.34% -203.56%
Cash From Investing Activities -$73.87M -$33.71M -$20.55M
YoY Change -1320.99% -18.32% 633.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.540M 24.48M 1.350M
YoY Change 6055.56% -66.9% -246.74%
NET CHANGE
Cash From Operating Activities 6.880M -16.01M 19.75M
Cash From Investing Activities -73.87M -33.71M -20.55M
Cash From Financing Activities 5.540M 24.48M 1.350M
Net Change In Cash -61.45M -25.24M 550.0K
YoY Change -822.09% -171.93% -27.63%
FREE CASH FLOW
Cash From Operating Activities $6.880M -$16.01M $19.75M
Capital Expenditures -$12.38M -$13.18M -$12.70M
Free Cash Flow $19.26M -$2.830M $32.45M
YoY Change 71.35% -117.9% 118.37%

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0 USD
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0 USD
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P2Y8M12D
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9511000 USD
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4852000 USD
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4118000 USD
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0 USD
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840000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
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1244000 USD
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3655000 USD
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6701000 USD
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7447000 USD
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19268000 USD
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25274000 USD
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0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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0 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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93352000 USD
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15144000 USD
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16891000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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26117000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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IncomeTaxReconciliationStateAndLocalIncomeTaxes
140000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
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206000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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2455000 USD
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5213000 USD
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10116000 USD
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19985000 USD
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21280000 USD
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71406000 USD
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67382000 USD
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5116000 USD
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144564000 USD
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262027000 USD
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21724000 USD
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24006000 USD
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40852000 USD
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10709000 USD
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32687000 USD
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27877000 USD
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3460000 USD
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15830000 USD
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37359000 USD
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1400000 shares
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3900000 shares
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26001000 USD
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45366000 USD
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1271000 USD
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7600000 USD
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12700000 USD
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19000000 USD
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738212000 USD
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1599880000 USD
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458231000 USD
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3636000 USD
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303000 USD
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5700000 USD
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21749000 USD
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23849000 USD
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2000 USD
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2000 USD
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184000 USD
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143200000 USD
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143175000 USD
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1580000 USD
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0 USD
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3186000 USD
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1717000 USD
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242525000 USD
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22227000 USD
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42294000 USD
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50181000 USD
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0 shares
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0 shares
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0 USD
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73255000 USD
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0 USD
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3149000 USD
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32254000 USD
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72010000 USD
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88000000 USD
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102135000 USD
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297461000 USD
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134000 USD
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0 USD
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32640000 USD
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3500000 USD
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15600000 USD
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33100000 USD
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146973000 USD
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58072000 USD
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85111000 USD
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815000 USD
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7124000 USD
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1696000 USD
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75000000 USD
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199214000 USD
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205670000 USD
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252458000 USD
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303748000 USD
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134276000 USD
CY2017 us-gaap Selling And Marketing Expense
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501021000 USD
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145405000 USD
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151201000 USD
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SellingAndMarketingExpense
169860000 USD
CY2018Q3 us-gaap Selling And Marketing Expense
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183191000 USD
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
649657000 USD
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0 USD
CY2018Q3 us-gaap Senior Long Term Notes
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429598000 USD
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ShareBasedCompensation
20056000 USD
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ShareBasedCompensation
231491000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
177868000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividend
0 USD
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CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.43
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.01
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18300000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
73900000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
289400000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2094006 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
329354 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
8.89
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.63
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1047950 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.36
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.41
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
208101000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
338787000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
496022000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20334531 shares
CY2016Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
310379000 USD
CY2017Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2018Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11332554 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.39
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.59
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.12
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
338787000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
496022000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
20334531 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
11332554 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.59
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.12
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.27
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.81
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.14
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
330486000 USD
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
489682000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M2D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M0D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M24D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M22D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y4M24D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y6M22D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
23900000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
16100000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
11500000 USD
CY2016Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
16.00
CY2016 us-gaap Stock Issued1
StockIssued1
0 USD
CY2017 us-gaap Stock Issued1
StockIssued1
27063000 USD
CY2018 us-gaap Stock Issued1
StockIssued1
63780000 USD
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17100500 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4786381 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
8672623 shares
CY2017 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
27063000 USD
CY2018 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
63780000 USD
CY2017 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
310379000 USD
CY2017 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
16946000 USD
CY2018 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
39009000 USD
CY2016Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
254500000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
249170000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14956000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
33037000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2675000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
-234734000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
-285827000 USD
CY2016Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
76319511 shares
CY2017Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
217063000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
326779000 USD
CY2015Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
310379000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
373000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4893000 USD
CY2015Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
76319511 shares
CY2018Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7400000 USD
CY2018Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19711000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
42655000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
91716000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
14559000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
22571000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
58727000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
69800000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-65800000 USD
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
43970381 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
128295563 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
164091302 shares
CY2016Q3 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1700000 USD
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-weight:bold;">Concentration Risk</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-style:italic;">Credit Risk</font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">&#8212;Financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents and accounts receivable. We invest only in high-quality credit instruments and maintain our cash and cash equivalents and available-for-sale investments in fixed income securities. Management believes that the financial institutions that hold our investments are financially sound and, accordingly, are subject to minimal credit risk. Our deposits are with multiple institutions, however such deposits may exceed federally insured limits. We provide credit, in the normal course of business, to a number of companies and perform credit evaluations of our customers.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-style:italic;">Concentration of Revenue and Accounts Receivable </font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">&#8212; We sell our products primarily through Partners and occasionally directly to end customers.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-style:italic;">Vendor Risk </font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">&#8212; We rely on a limited number of suppliers for our contract manufacturing and certain raw material components. In instances where suppliers fail to perform their obligations, we may be unable to find alternative suppliers or satisfactorily deliver our products to our customers on time.</font></div></div>
CY2018 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;">Warranties</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;">We generally provide a </font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">one</font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">-year warranty on hardware and a </font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">90</font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">-day warranty on software licenses. The hardware warranty provides for parts replacement for defective components and the software warranty provides for bug fixes. With respect to the hardware warranty obligation, we have a warranty agreement with our contract manufacturers under which the contract manufacturers are generally required to replace defective hardware within </font><font style="font-family:Helvetica,sans-serif;font-size:10pt;">three</font><font style="font-family:Helvetica,sans-serif;font-size:10pt;"> years of shipment. Furthermore, our post-contract customer support ("PCS") agreements provide for the same parts replacement that customers are entitled to under the warranty program, except that replacement parts are delivered according to targeted response times to minimize disruption to the customers&#8217; critical business applications. Substantially all customers purchase PCS agreements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;">Given the warranty agreement with our contract manufacturers and considering that substantially all products are sold together with PCS agreements, we generally have very limited exposure related to warranty costs and therefore no warranty reserve has been recognized.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:Helvetica,sans-serif;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Such management estimates include, but are not limited to, the best estimate of selling prices for products and related support; useful lives of intangible assets and property and equipment; allowance for doubtful accounts; determination of fair value of common stock and convertible preferred stock, fair value of stock-based awards and convertible preferred stock warrant liability; accounting for income taxes, including the valuation allowance on deferred tax assets and uncertain tax positions; warranty liability; fair value of contingent consideration in a business combination; sales commissions expense; and contingencies and litigation. Management evaluates these estimates and assumptions on an ongoing basis using historical experience and other factors and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions.</font></div></div>

Files In Submission

Name View Source Status
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