| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $824M | $835M | $854M | -1.3% | -3.5% |
| Op. Income | $81M | $84M | $96M | -2.6% | -15.1% |
| Gross Margin | 41.7% | 42.6% | 39.1% | -0.9pp | 2.6pp |
| Net Margin | 6.9% | 6.8% | 7.8% | 0.1pp | -0.8pp |
| EPS (Diluted) | $1.44 | $1.44 | $1.67 | 0.0% | -13.8% |
| Free Cash Flow | $72M | $118M | $46M | -39.2% | 57.5% |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $344M |
| R&D Expenses | $0 |
| Selling & Marketing | $261M |
| General & Administrative | $0 |
| SG&A Expenses | $261M |
| Other Expenses | $2M |
| Operating Expenses | $263M |
| Cost & Expenses | $743M |
| OPERATING INCOME | $81M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $18M |
| 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 | $26M |
| EBIT | $82M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $344M |
| R&D Expenses | $0 |
| Selling & Marketing | $261M |
| General & Administrative | $0 |
| SG&A Expenses | $261M |
| Other Expenses | $2M |
| Operating Expenses | $263M |
| Cost & Expenses | $743M |
| OPERATING INCOME | $81M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $18M |
| 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 | $26M |
| EBIT | $82M |
| EBITDA | $108M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$500.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$900.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$600.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $300.0K |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $381M |
| Short-Term Investments | $0 |
| Net Receivables | $507M |
| Inventory | $349M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $339M |
| Goodwill | $1.1B |
| Intangible Assets | $629M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $334M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $572M |
| Long-Term Debt | $391M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | $223M |
| TOTAL NON-CURRENT LIABILITIES | $779M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $951M |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $471M |
| Net Debt | $90M |
