| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $944M | $832M | $892M | 13.4% | 5.9% |
| Op. Income | $107M | $90M | $132M | 20.0% | -18.3% |
| Gross Margin | 41.2% | 40.2% | 42.5% | 1.0pp | -1.3pp |
| Net Margin | 7.7% | 11.6% | 9.2% | -3.9pp | -1.5pp |
| EPS (Diluted) | $1.80 | $2.33 | $1.90 | -22.7% | -5.3% |
| Free Cash Flow | $111M | $28M | $88M | 298.2% | 25.8% |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $555M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $274M |
| General & Administrative | $0 |
| SG&A Expenses | $272M |
| Other Expenses | $10M |
| Operating Expenses | $282M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $107M |
| Interest Income | $500.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $20M |
| EBIT | $108M |
| EBITDA | $128M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $555M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $274M |
| General & Administrative | $0 |
| SG&A Expenses | $272M |
| Other Expenses | $10M |
| Operating Expenses | $282M |
| Cost & Expenses | $837M |
| OPERATING INCOME | $107M |
| Interest Income | $500.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $20M |
| EBIT | $108M |
| EBITDA | $128M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $117M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$137M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | -$148M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $111M |
| Net Change in Cash | -$136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $573M |
| Inventory | $407M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $288M |
| Goodwill | $971M |
| Intangible Assets | $505M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $465M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $672M |
| Long-Term Debt | $356M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $166M |
| TOTAL NON-CURRENT LIABILITIES | $610M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $899M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$121M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $358M |
| Net Debt | $264M |
