| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $425M | $537M | $419M | -20.9% | 1.4% |
| Op. Income | $28M | $85M | $276M | -67.4% | -89.9% |
| Gross Margin | 47.1% | 51.5% | 49.9% | -4.4pp | -2.8pp |
| Net Margin | 4.8% | 10.2% | 44.6% | -5.4pp | -39.8pp |
| EPS (Diluted) | $0.11 | $0.30 | $1.01 | -62.8% | -89.1% |
| Free Cash Flow | -$74M | $86M | $206M | -186.7% | -136.1% |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $225M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $82M |
| General & Administrative | $35M |
| SG&A Expenses | $118M |
| Other Expenses | $4M |
| Operating Expenses | $172M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | -$171 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $31M |
| EBIT | $28M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $225M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $82M |
| General & Administrative | $35M |
| SG&A Expenses | $118M |
| Other Expenses | $4M |
| Operating Expenses | $172M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | -$171 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $31M |
| EBIT | $28M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$88M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$155M |
| Other Financing Activities | $42M |
| NET CASH FROM FINANCING | -$127M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$211M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $0 |
| Net Receivables | $195M |
| Inventory | $295M |
| Other Current Assets | $411M |
| TOTAL CURRENT ASSETS | $779M |
| PP&E (Net) | $1.2B |
| Goodwill | $139M |
| Intangible Assets | $137M |
| Long-Term Investments | $150M |
| Tax Assets | -$426M |
| Other Non-Current Assets | $494M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $224M |
| Short-Term Debt | $88M |
| Deferred Revenue | -$224M |
| Other Current Liabilities | $123M |
| TOTAL CURRENT LIABILITIES | $441M |
| Long-Term Debt | $284M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $457M |
| TOTAL LIABILITIES | $898M |
| Common Stock | $633M |
| Additional Paid-In Capital | $633M |
| Retained Earnings | $980M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$163M |
| Other Equity | -$633M |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $125M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $372M |
| Net Debt | $200M |
