| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $938M | $948M | $1.1B | -1.0% | -11.6% |
| Op. Income | $130M | $120M | $142M | 8.3% | -8.3% |
| Gross Margin | 42.1% | 40.5% | 38.9% | 1.6pp | 3.2pp |
| Net Margin | 10.2% | 9.3% | 10.2% | 0.9pp | 0.0pp |
| EPS (Diluted) | $2.42 | $2.22 | $2.70 | 9.0% | -10.4% |
| Free Cash Flow | $170M | $109M | $41M | 55.8% | 312.4% |
| Item | Amount |
|---|---|
| REVENUE | $938M |
| Cost of Revenue | $543M |
| GROSS PROFIT | $395M |
| R&D Expenses | $0 |
| Selling & Marketing | $157M |
| General & Administrative | $25M |
| SG&A Expenses | $264M |
| Other Expenses | $500.0K |
| Operating Expenses | $264M |
| Cost & Expenses | $808M |
| OPERATING INCOME | $130M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $23M |
| EBIT | $131M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $938M |
| Cost of Revenue | $543M |
| GROSS PROFIT | $395M |
| R&D Expenses | $0 |
| Selling & Marketing | $157M |
| General & Administrative | $25M |
| SG&A Expenses | $264M |
| Other Expenses | $500.0K |
| Operating Expenses | $264M |
| Cost & Expenses | $808M |
| OPERATING INCOME | $130M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $121M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $23M |
| EBIT | $131M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $300.0K |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | -$33M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $170M |
| Net Change in Cash | $127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $461M |
| Short-Term Investments | $0 |
| Net Receivables | $561M |
| Inventory | $341M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $277M |
| Goodwill | $967M |
| Intangible Assets | $466M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $339M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $596M |
| Long-Term Debt | $348M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $217M |
| TOTAL NON-CURRENT LIABILITIES | $657M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $930M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$151M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $357M |
| Net Debt | -$104M |
