| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $1.8B | 20.4% | -12.8% |
| Op. Income | $59M | $38M | $153M | 55.3% | -61.4% |
| Gross Margin | 40.6% | 41.0% | 37.1% | -0.4pp | 3.4pp |
| Net Margin | 2.3% | 1.3% | 6.6% | 1.0pp | -4.3pp |
| EPS (Diluted) | $0.03 | $0.01 | $0.11 | 116.4% | -71.3% |
| Free Cash Flow | -$28M | -$275M | -$88M | 89.8% | 68.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $621M |
| R&D Expenses | $373M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $189M |
| Other Expenses | $0 |
| Operating Expenses | $562M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $61M |
| EBIT | $62M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $910M |
| GROSS PROFIT | $621M |
| R&D Expenses | $373M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $189M |
| Other Expenses | $0 |
| Operating Expenses | $562M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $61M |
| EBIT | $62M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $963M |
| Short-Term Investments | $165M |
| Net Receivables | $1.4B |
| Inventory | $1.0B |
| Other Current Assets | $218M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $670M |
| Goodwill | $289M |
| Intangible Assets | $231M |
| Long-Term Investments | $58M |
| Tax Assets | $0 |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $828M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $179M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $11M |
| Additional Paid-In Capital | $9.3B |
| Retained Earnings | -$7.4B |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $1.3B |
| Net Debt | $317M |
