| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.7B | 17.6% | 9.0% |
| Op. Income | $186M | $59M | $150M | 215.3% | 24.0% |
| Gross Margin | 43.1% | 40.6% | 40.0% | 2.6pp | 3.2pp |
| Net Margin | 6.7% | 2.3% | 6.2% | 4.4pp | 0.5pp |
| EPS (Diluted) | $0.11 | $0.03 | $0.09 | 248.1% | 22.2% |
| Free Cash Flow | $179M | -$28M | $62M | 739.3% | 188.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $777M |
| R&D Expenses | $406M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $591M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $69M |
| EBIT | $150M |
| EBITDA | $219M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $777M |
| R&D Expenses | $406M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $591M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $69M |
| EBIT | $150M |
| EBITDA | $219M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $66M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | $234M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $165M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $57M |
| Net Debt Issuance | -$97M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $179M |
| Net Change in Cash | $193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $53M |
| Net Receivables | $1.4B |
| Inventory | $1.0B |
| Other Current Assets | $236M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $658M |
| Goodwill | $289M |
| Intangible Assets | $220M |
| Long-Term Investments | $59M |
| Tax Assets | $0 |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $763M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $218M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $872M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $11M |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | -$7.3B |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $1.1B |
| Net Debt | -$45M |
