| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.9B | $4.1B | -7.6% | 11.3% |
| Op. Income | $284M | $321M | $243M | -11.5% | 16.8% |
| Gross Margin | 17.1% | 16.6% | 17.0% | 0.5pp | 0.1pp |
| Net Margin | 4.1% | 4.1% | 3.9% | -0.0pp | 0.2pp |
| EPS (Diluted) | $1.27 | $1.37 | $1.05 | -7.3% | 21.0% |
| Free Cash Flow | $184M | $237M | $271M | -22.4% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $778M |
| R&D Expenses | $0 |
| Selling & Marketing | $50M |
| General & Administrative | $444M |
| SG&A Expenses | $494M |
| Other Expenses | $0 |
| Operating Expenses | $494M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $284M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $70M |
| EBIT | $274M |
| EBITDA | $344M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $778M |
| R&D Expenses | $0 |
| Selling & Marketing | $50M |
| General & Administrative | $444M |
| SG&A Expenses | $494M |
| Other Expenses | $0 |
| Operating Expenses | $494M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $284M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $70M |
| EBIT | $274M |
| EBITDA | $344M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $186M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$54M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $345M |
| Capital Expenditure | -$161M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | -$164M |
| Common Dividends Paid | -$55M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$181M |
| FREE CASH FLOW | $184M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $611M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $495M |
| Goodwill | $2.6B |
| Intangible Assets | $594M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $1.8B |
| Short-Term Debt | $413M |
| Deferred Revenue | $252M |
| Other Current Liabilities | $704M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $960M |
| Minority Interest | $0 |
| TOTAL EQUITY | $960M |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $3.8B |
| Net Debt | $3.7B |
