| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $948M | $854M | $944M | 10.9% | 0.4% |
| Op. Income | $120M | $96M | $107M | 25.4% | 12.0% |
| Gross Margin | 40.5% | 39.1% | 41.2% | 1.4pp | -0.7pp |
| Net Margin | 9.3% | 7.8% | 7.7% | 1.6pp | 1.6pp |
| EPS (Diluted) | $2.22 | $1.67 | $1.80 | 32.9% | 23.3% |
| Free Cash Flow | $109M | $46M | $111M | 138.6% | -2.1% |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $384M |
| R&D Expenses | $0 |
| Selling & Marketing | $263M |
| General & Administrative | $0 |
| SG&A Expenses | $263M |
| Other Expenses | -$100.0K |
| Operating Expenses | $263M |
| Cost & Expenses | $827M |
| OPERATING INCOME | $120M |
| Interest Income | $800.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $22M |
| EBIT | $119M |
| EBITDA | $142M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $384M |
| R&D Expenses | $0 |
| Selling & Marketing | $263M |
| General & Administrative | $0 |
| SG&A Expenses | $263M |
| Other Expenses | -$100.0K |
| Operating Expenses | $263M |
| Cost & Expenses | $827M |
| OPERATING INCOME | $120M |
| Interest Income | $800.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $22M |
| EBIT | $119M |
| EBITDA | $142M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $88M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$200.0K |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | -$600.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $0 |
| Net Receivables | $586M |
| Inventory | $391M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $281M |
| Goodwill | $964M |
| Intangible Assets | $473M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $379M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $631M |
| Long-Term Debt | $348M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $90M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $605M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $925M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $357M |
| Net Debt | $23M |
