| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $341M | $330M | $327M | 3.3% | 4.2% |
| Op. Income | $199M | $197M | $162M | 1.4% | 22.8% |
| Gross Margin | 72.6% | 73.0% | 76.9% | -0.3pp | -4.3pp |
| Net Margin | 44.5% | 45.7% | 54.1% | -1.2pp | -9.6pp |
| EPS (Diluted) | $7.79 | $7.75 | $9.10 | 0.5% | -14.4% |
| Free Cash Flow | $200M | $174M | $150M | 14.8% | 33.4% |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $14M |
| SG&A Expenses | $31M |
| Other Expenses | $18M |
| Operating Expenses | $49M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $6M |
| EBIT | $199M |
| EBITDA | $205M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $14M |
| SG&A Expenses | $31M |
| Other Expenses | $18M |
| Operating Expenses | $49M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $199M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $152M |
| D&A | $6M |
| EBIT | $199M |
| EBITDA | $205M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $152M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $800.0K |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $203M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$221M |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | -$59M |
| Common Stock Repurchased | -$127M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$189M |
| FREE CASH FLOW | $200M |
| Net Change in Cash | -$214M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $5.8B |
| Inventory | $116M |
| Other Current Assets | $305M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $40M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $6.2B |
| Account Payables | $186M |
| Short-Term Debt | $550M |
| Deferred Revenue | $237M |
| Other Current Liabilities | -$500M |
| TOTAL CURRENT LIABILITIES | $189M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | -$4.0B |
| Deferred Tax Liabilities | $237M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $155M |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$300.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $3.8B |
| Net Debt | $3.8B |
