| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $577M | $617M | $508M | -6.5% | 13.7% |
| Op. Income | $116M | $158M | $111M | -26.6% | 4.1% |
| Gross Margin | 42.0% | 46.4% | 45.2% | -4.4pp | -3.2pp |
| Net Margin | 13.3% | 18.7% | 14.5% | -5.4pp | -1.2pp |
| EPS (Diluted) | $0.27 | $0.41 | $0.26 | -34.1% | 3.8% |
| Free Cash Flow | $205M | $129M | $199M | 58.9% | 3.0% |
| Item | Amount |
|---|---|
| REVENUE | $577M |
| Cost of Revenue | $335M |
| GROSS PROFIT | $242M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $127M |
| Operating Expenses | $127M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $116M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $33M |
| EBIT | $118M |
| EBITDA | $151M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $577M |
| Cost of Revenue | $335M |
| GROSS PROFIT | $242M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $127M |
| Operating Expenses | $127M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $116M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $33M |
| EBIT | $118M |
| EBITDA | $151M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $651.0K |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $231M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$47M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $109.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | $205M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $542M |
| Short-Term Investments | $12M |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $573M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $333M |
| Goodwill | $3.7B |
| Intangible Assets | $917M |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.1B |
| Short-Term Debt | $55M |
| Deferred Revenue | $521M |
| Other Current Liabilities | $293M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $328M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $231M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $30M |
| Additional Paid-In Capital | $716M |
| Retained Earnings | $3.1B |
| Treasury Stock | -$536M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $1.8B |
| Net Debt | $1.2B |
