| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $854M | $933M | $832M | -8.4% | 2.7% |
| Op. Income | $96M | $116M | $90M | -17.6% | 7.2% |
| Gross Margin | 39.1% | 39.4% | 40.2% | -0.3pp | -1.1pp |
| Net Margin | 7.8% | 8.5% | 11.6% | -0.8pp | -3.9pp |
| EPS (Diluted) | $1.67 | $1.98 | $2.33 | -15.7% | -28.3% |
| Free Cash Flow | $46M | $118M | $28M | -61.3% | 63.4% |
| Item | Amount |
|---|---|
| REVENUE | $854M |
| Cost of Revenue | $521M |
| GROSS PROFIT | $334M |
| R&D Expenses | $0 |
| Selling & Marketing | $238M |
| General & Administrative | $0 |
| SG&A Expenses | $238M |
| Other Expenses | $400.0K |
| Operating Expenses | $238M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $96M |
| Interest Income | $500.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $22M |
| EBIT | $96M |
| EBITDA | $118M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $854M |
| Cost of Revenue | $521M |
| GROSS PROFIT | $334M |
| R&D Expenses | $0 |
| Selling & Marketing | $238M |
| General & Administrative | $0 |
| SG&A Expenses | $238M |
| Other Expenses | $400.0K |
| Operating Expenses | $238M |
| Cost & Expenses | $759M |
| OPERATING INCOME | $96M |
| Interest Income | $500.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $22M |
| EBIT | $96M |
| EBITDA | $118M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $500.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $200.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | -$24M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $232M |
| Short-Term Investments | $0 |
| Net Receivables | $520M |
| Inventory | $413M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $284M |
| Goodwill | $969M |
| Intangible Assets | $482M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $351M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $584M |
| Long-Term Debt | $350M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $90M |
| Other Non-Current Liabilities | $166M |
| TOTAL NON-CURRENT LIABILITIES | $606M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $918M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$115M |
| 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 | $125M |
