| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | — | 6.6% | — |
| Op. Income | $153M | $120M | — | 27.5% | — |
| Gross Margin | 37.1% | 36.2% | — | 0.9pp | — |
| Net Margin | 6.6% | 4.9% | — | 1.7pp | — |
| EPS (Diluted) | $0.11 | $0.08 | — | 37.5% | — |
| Free Cash Flow | -$88M | -$132M | — | 33.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $652M |
| R&D Expenses | $357M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $499M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $153M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | -$11M |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $42M |
| EBIT | $154M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $652M |
| R&D Expenses | $357M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $499M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $153M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | -$11M |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $42M |
| EBIT | $154M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$244M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $948M |
| Short-Term Investments | $35M |
| Net Receivables | $1.1B |
| Inventory | $750M |
| Other Current Assets | $198M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $295M |
| Goodwill | $289M |
| Intangible Assets | $292M |
| Long-Term Investments | $57M |
| Tax Assets | $0 |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $520M |
| Short-Term Debt | $223M |
| Deferred Revenue | $67M |
| Other Current Liabilities | $198M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| 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 | $3.2B |
| Common Stock | $10M |
| Additional Paid-In Capital | $8.6B |
| Retained Earnings | -$7.6B |
| Treasury Stock | -$109M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $879M |
| Minority Interest | $0 |
| TOTAL EQUITY | $879M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $1.4B |
| Net Debt | $445M |
