| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.6B | $4.4B | 6.0% | 12.2% |
| Op. Income | $321M | $300M | $275M | 6.8% | 16.7% |
| Gross Margin | 16.6% | 16.7% | 16.3% | -0.1pp | 0.3pp |
| Net Margin | 4.1% | 4.2% | 4.2% | -0.1pp | -0.1pp |
| EPS (Diluted) | $1.37 | $1.33 | $1.20 | 3.0% | 14.2% |
| Free Cash Flow | $237M | $138M | $250M | 72.0% | -5.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $817M |
| R&D Expenses | $0 |
| Selling & Marketing | $51M |
| General & Administrative | $445M |
| SG&A Expenses | $496M |
| Other Expenses | $0 |
| Operating Expenses | $496M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $321M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $68M |
| EBIT | $303M |
| EBITDA | $371M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.9B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $817M |
| R&D Expenses | $0 |
| Selling & Marketing | $51M |
| General & Administrative | $445M |
| SG&A Expenses | $496M |
| Other Expenses | $0 |
| Operating Expenses | $496M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $321M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $261M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $68M |
| EBIT | $303M |
| EBITDA | $371M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $268M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$72M |
| NET CASH FROM FINANCING | -$263M |
| FREE CASH FLOW | $237M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $604M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $255M |
| Goodwill | $2.5B |
| Intangible Assets | $616M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $1.9B |
| Short-Term Debt | $25M |
| Deferred Revenue | $212M |
| Other Current Liabilities | $482M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $111M |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$154M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $935M |
| Minority Interest | $0 |
| TOTAL EQUITY | $935M |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $3.4B |
| Net Debt | $3.2B |
