| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.0B | -2.8% | 3.8% |
| Op. Income | $241M | $193M | $220M | 24.5% | 9.3% |
| Gross Margin | 45.1% | 44.1% | 44.9% | 0.9pp | 0.2pp |
| Net Margin | 16.8% | 13.3% | 15.7% | 3.5pp | 1.1pp |
| EPS (Diluted) | $0.70 | $0.57 | $0.63 | 22.8% | 11.1% |
| Free Cash Flow | $126M | $166M | $146M | -23.8% | -13.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $574M |
| GROSS PROFIT | $471M |
| R&D Expenses | $0 |
| Selling & Marketing | $98M |
| General & Administrative | $132M |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $804M |
| OPERATING INCOME | $241M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $39M |
| EBIT | $243M |
| EBITDA | $282M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $574M |
| GROSS PROFIT | $471M |
| R&D Expenses | $0 |
| Selling & Marketing | $98M |
| General & Administrative | $132M |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $804M |
| OPERATING INCOME | $241M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $39M |
| EBIT | $243M |
| EBITDA | $282M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $138M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$700.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$202M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$344M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | -$219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $385M |
| Inventory | $400M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $914M |
| PP&E (Net) | $559M |
| Goodwill | $2.0B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $230M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $435M |
| Short-Term Debt | $415M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $212M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $581M |
| Other Non-Current Liabilities | $142M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $293M |
| Additional Paid-In Capital | $281M |
| Retained Earnings | $4.0B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.0B |
| Net Debt | $1.9B |
