| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.8B | $1.4B | 18.1% | 49.9% |
| Op. Income | $348M | $186M | $28M | 87.1% | 1142.9% |
| Gross Margin | 44.6% | 43.1% | 37.8% | 1.5pp | 6.8pp |
| Net Margin | 8.0% | 6.7% | 2.7% | 1.3pp | 5.3pp |
| EPS (Diluted) | $0.15 | $0.11 | $0.04 | 36.4% | 295.8% |
| Free Cash Flow | $400M | $179M | $29M | 123.5% | 1279.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $949M |
| R&D Expenses | $395M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $206M |
| Other Expenses | $0 |
| Operating Expenses | $601M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $348M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $73M |
| EBIT | $223M |
| EBITDA | $296M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $949M |
| R&D Expenses | $395M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $206M |
| Other Expenses | $0 |
| Operating Expenses | $601M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $348M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | $205M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $73M |
| EBIT | $223M |
| EBITDA | $296M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $149M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $442M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$142M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$107M |
| FREE CASH FLOW | $400M |
| Net Change in Cash | $309M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $37M |
| Net Receivables | $1.9B |
| Inventory | $982M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $705M |
| Goodwill | $289M |
| Intangible Assets | $210M |
| Long-Term Investments | $58M |
| Tax Assets | $22M |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $988M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $314M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $486M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $157M |
| TOTAL NON-CURRENT LIABILITIES | $842M |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | -$7.1B |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $728M |
| Net Debt | -$738M |
