| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $835M | $938M | $933M | -11.0% | -10.5% |
| Op. Income | $84M | $130M | $116M | -35.8% | -28.2% |
| Gross Margin | 42.6% | 42.1% | 39.4% | 0.6pp | 3.2pp |
| Net Margin | 6.8% | 10.2% | 8.5% | -3.4pp | -1.7pp |
| EPS (Diluted) | $1.44 | $2.42 | $1.98 | -40.5% | -27.3% |
| Free Cash Flow | $118M | $170M | $118M | -30.4% | 0.2% |
| Item | Amount |
|---|---|
| REVENUE | $835M |
| Cost of Revenue | $479M |
| GROSS PROFIT | $356M |
| R&D Expenses | $0 |
| Selling & Marketing | $265M |
| General & Administrative | $0 |
| SG&A Expenses | $265M |
| Other Expenses | $7M |
| Operating Expenses | $272M |
| Cost & Expenses | $751M |
| OPERATING INCOME | $84M |
| Interest Income | $700.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $24M |
| EBIT | $92M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $835M |
| Cost of Revenue | $479M |
| GROSS PROFIT | $356M |
| R&D Expenses | $0 |
| Selling & Marketing | $265M |
| General & Administrative | $0 |
| SG&A Expenses | $265M |
| Other Expenses | $7M |
| Operating Expenses | $272M |
| Cost & Expenses | $751M |
| OPERATING INCOME | $84M |
| Interest Income | $700.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $24M |
| EBIT | $92M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $400.0K |
| Other Non-Cash Items | $100.0K |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$302M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$315M |
| Net Debt Issuance | -$400.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | -$194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $0 |
| Net Receivables | $508M |
| Inventory | $353M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $339M |
| Goodwill | $1.1B |
| Intangible Assets | $622M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $322M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $573M |
| Long-Term Debt | $347M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $123M |
| Other Non-Current Liabilities | $226M |
| TOTAL NON-CURRENT LIABILITIES | $745M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $943M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $422M |
| Net Debt | $156M |
