| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $933M | $1.1B | $843M | -12.1% | 10.7% |
| Op. Income | $116M | $142M | $120M | -18.1% | -3.2% |
| Gross Margin | 39.4% | 38.9% | 41.5% | 0.6pp | -2.1pp |
| Net Margin | 8.5% | 10.2% | 8.5% | -1.7pp | 0.1pp |
| EPS (Diluted) | $1.98 | $2.70 | $1.70 | -26.7% | 16.5% |
| Free Cash Flow | $118M | $41M | $130M | 186.6% | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $933M |
| Cost of Revenue | $565M |
| GROSS PROFIT | $368M |
| R&D Expenses | $0 |
| Selling & Marketing | $250M |
| General & Administrative | $0 |
| SG&A Expenses | $250M |
| Other Expenses | $1M |
| Operating Expenses | $251M |
| Cost & Expenses | $816M |
| OPERATING INCOME | $116M |
| Interest Income | $500.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $21M |
| EBIT | $117M |
| EBITDA | $139M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $933M |
| Cost of Revenue | $565M |
| GROSS PROFIT | $368M |
| R&D Expenses | $0 |
| Selling & Marketing | $250M |
| General & Administrative | $0 |
| SG&A Expenses | $250M |
| Other Expenses | $1M |
| Operating Expenses | $251M |
| Cost & Expenses | $816M |
| OPERATING INCOME | $116M |
| Interest Income | $500.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80M |
| D&A | $21M |
| EBIT | $117M |
| EBITDA | $139M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $80M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | $400.0K |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | $86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $215M |
| Short-Term Investments | $0 |
| Net Receivables | $557M |
| Inventory | $420M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $283M |
| Goodwill | $967M |
| Intangible Assets | $490M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $390M |
| Short-Term Debt | $400.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $652M |
| Long-Term Debt | $356M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $612M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $910M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$121M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $357M |
| Net Debt | $142M |
