| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.4B | $3.8B | -6.8% | 6.2% |
| Op. Income | $243M | $275M | $222M | -11.6% | 9.7% |
| Gross Margin | 17.0% | 16.3% | 16.0% | 0.7pp | 1.0pp |
| Net Margin | 3.9% | 4.2% | 5.1% | -0.3pp | -1.2pp |
| EPS (Diluted) | $1.05 | $1.20 | $1.26 | -12.5% | -16.7% |
| Free Cash Flow | $271M | $250M | $316M | 8.3% | -14.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $694M |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $402M |
| SG&A Expenses | $451M |
| Other Expenses | $0 |
| Operating Expenses | $451M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $67M |
| EBIT | $244M |
| EBITDA | $311M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $694M |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $402M |
| SG&A Expenses | $451M |
| Other Expenses | $0 |
| Operating Expenses | $451M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $37M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $67M |
| EBIT | $244M |
| EBITDA | $311M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $81M |
| OPERATING CASH FLOW | $304M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$290M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$320M |
| FREE CASH FLOW | $271M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | $0 |
| Net Receivables | $3.0B |
| Inventory | $454M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $156M |
| Goodwill | $2.5B |
| Intangible Assets | $712M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $1.6B |
| Short-Term Debt | $25M |
| Deferred Revenue | $178M |
| Other Current Liabilities | $418M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $142M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$131M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $975M |
| Minority Interest | $0 |
| TOTAL EQUITY | $975M |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
