| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.8B | $3.3B | -6.0% | 10.8% |
| Op. Income | $204M | $222M | $171M | -7.9% | 19.6% |
| Gross Margin | 16.7% | 16.0% | 17.0% | 0.7pp | -0.3pp |
| Net Margin | 3.5% | 5.1% | 1.8% | -1.6pp | 1.7pp |
| EPS (Diluted) | $0.82 | $1.26 | $0.35 | -34.9% | 134.3% |
| Free Cash Flow | $206M | $316M | $350M | -34.7% | -41.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $604M |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $363M |
| SG&A Expenses | $400M |
| Other Expenses | $0 |
| Operating Expenses | $400M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $204M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $67M |
| EBIT | $203M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $604M |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $363M |
| SG&A Expenses | $400M |
| Other Expenses | $0 |
| Operating Expenses | $400M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $204M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $67M |
| EBIT | $203M |
| EBITDA | $270M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $127M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$109M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$131M |
| FREE CASH FLOW | $206M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $221M |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $486M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $153M |
| Goodwill | $2.5B |
| Intangible Assets | $859M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $1.3B |
| Short-Term Debt | $26M |
| Deferred Revenue | $194M |
| Other Current Liabilities | $346M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $189M |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $997M |
| Minority Interest | $0 |
| TOTAL EQUITY | $997M |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
