| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.0B | $4.2B | 17.0% | 10.6% |
| Op. Income | $300M | $229M | $266M | 31.2% | 13.1% |
| Gross Margin | 16.7% | 17.0% | 16.6% | -0.3pp | 0.1pp |
| Net Margin | 4.2% | 3.9% | 4.1% | 0.4pp | 0.1pp |
| EPS (Diluted) | $1.33 | $1.02 | $1.12 | 30.4% | 18.7% |
| Free Cash Flow | $138M | $233M | $92M | -40.9% | 48.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $774M |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $420M |
| SG&A Expenses | $474M |
| Other Expenses | $0 |
| Operating Expenses | $474M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $300M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $65M |
| EBIT | $302M |
| EBITDA | $367M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $774M |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $420M |
| SG&A Expenses | $474M |
| Other Expenses | $0 |
| Operating Expenses | $474M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $300M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $65M |
| EBIT | $302M |
| EBITDA | $367M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$107M |
| OPERATING CASH FLOW | $162M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$38M |
| Common Stock Repurchased | -$155M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$225M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $652M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $281M |
| Goodwill | $2.5B |
| Intangible Assets | $661M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $2.1B |
| Short-Term Debt | $26M |
| Deferred Revenue | $201M |
| Other Current Liabilities | $513M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $123M |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$139M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $936M |
| Minority Interest | $0 |
| TOTAL EQUITY | $936M |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $3.4B |
| Net Debt | $3.2B |
