| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $641M | $667M | $668M | -3.9% | -4.0% |
| Op. Income | $43M | $44M | $30M | -2.3% | 43.3% |
| Gross Margin | 32.3% | 29.7% | 34.3% | 2.6pp | -2.0pp |
| Net Margin | 10.3% | 11.4% | 5.4% | -1.1pp | 4.9pp |
| EPS (Diluted) | $1.06 | $1.19 | $0.56 | -10.9% | 89.3% |
| Free Cash Flow | $95M | -$5M | $84M | 2000.0% | 13.1% |
| Item | Amount |
|---|---|
| REVENUE | $641M |
| Cost of Revenue | $434M |
| GROSS PROFIT | $207M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $128M |
| SG&A Expenses | $128M |
| Other Expenses | $19M |
| Operating Expenses | $164M |
| Cost & Expenses | $598M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $43M |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $62M |
| EBIT | $50M |
| EBITDA | $112M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $641M |
| Cost of Revenue | $434M |
| GROSS PROFIT | $207M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $128M |
| SG&A Expenses | $128M |
| Other Expenses | $19M |
| Operating Expenses | $164M |
| Cost & Expenses | $598M |
| OPERATING INCOME | $43M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $43M |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $62M |
| EBIT | $50M |
| EBITDA | $112M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $70M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$147M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $507M |
| Inventory | $595M |
| Other Current Assets | $803M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.6B |
| Goodwill | $2.3B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $310M |
| Tax Assets | $28M |
| Other Non-Current Assets | $567M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $275M |
| Short-Term Debt | $332M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $243M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $284M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $754M |
| Retained Earnings | $2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$368M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
