| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | — | 11.3% | — |
| Op. Income | $120M | $82M | — | 46.3% | — |
| Gross Margin | 36.2% | 34.8% | — | 1.5pp | — |
| Net Margin | 4.9% | 4.1% | — | 0.8pp | — |
| EPS (Diluted) | $0.08 | $-0.02 | — | 500.0% | — |
| Free Cash Flow | -$132M | $339M | — | -138.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $597M |
| R&D Expenses | $343M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $477M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $120M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $44M |
| EBIT | $121M |
| EBITDA | $165M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $597M |
| R&D Expenses | $343M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $477M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $120M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $44M |
| EBIT | $121M |
| EBITDA | $165M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$255M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$132M |
| Net Change in Cash | -$140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $756M |
| Inventory | $715M |
| Other Current Assets | $217M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $290M |
| Goodwill | $289M |
| Intangible Assets | $308M |
| Long-Term Investments | $57M |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $456M |
| Short-Term Debt | $223M |
| Deferred Revenue | $147M |
| Other Current Liabilities | $141M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $186M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $10M |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | -$7.7B |
| Treasury Stock | -$108M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $715M |
| Minority Interest | $0 |
| TOTAL EQUITY | $715M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.4B |
| Net Debt | $343M |
