| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.3B | -1.1% | -8.3% |
| Op. Income | $241M | $234M | $265M | 3.1% | -9.3% |
| Gross Margin | 33.0% | 30.8% | 34.1% | 2.2pp | -1.1pp |
| Net Margin | 15.1% | 14.1% | 15.7% | 1.1pp | -0.5pp |
| EPS (Diluted) | $1.55 | $1.45 | $1.72 | 6.9% | -9.9% |
| Free Cash Flow | $373M | $38M | $392M | 894.1% | -4.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $812M |
| GROSS PROFIT | $400M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $159M |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $159M |
| Cost & Expenses | $970M |
| OPERATING INCOME | $241M |
| Interest Income | $1M |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $65M |
| EBIT | $243M |
| EBITDA | $308M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $812M |
| GROSS PROFIT | $400M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $159M |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $159M |
| Cost & Expenses | $970M |
| OPERATING INCOME | $241M |
| Interest Income | $1M |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $183M |
| D&A | $65M |
| EBIT | $243M |
| EBITDA | $308M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $183M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $399M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$355M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$384M |
| Net Debt Issuance | $296M |
| Common Stock Repurchased | -$278M |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $373M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $273M |
| Short-Term Investments | $0 |
| Net Receivables | $664M |
| Inventory | $21M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $189M |
| Goodwill | $1.5B |
| Intangible Assets | $556M |
| Long-Term Investments | $100M |
| Tax Assets | -$100M |
| Other Non-Current Assets | $593M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $134M |
| Short-Term Debt | $0 |
| Deferred Revenue | $91M |
| Other Current Liabilities | $277M |
| TOTAL CURRENT LIABILITIES | $803M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $161M |
| Deferred Tax Liabilities | $87M |
| Other Non-Current Liabilities | $233M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71M |
| Other Equity | -$891M |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.5B |
| Net Debt | $1.2B |
