| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.0B | 1.8% | 11.5% |
| Op. Income | $315M | $195M | $241M | 61.2% | 30.6% |
| Gross Margin | 45.7% | 45.8% | 45.1% | -0.1pp | 0.6pp |
| Net Margin | 19.7% | 12.6% | 16.8% | 7.1pp | 2.9pp |
| EPS (Diluted) | $0.92 | $0.58 | $0.70 | 58.6% | 31.4% |
| Free Cash Flow | $220M | $213M | $126M | 3.1% | 74.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $532M |
| R&D Expenses | $0 |
| Selling & Marketing | $96M |
| General & Administrative | $121M |
| SG&A Expenses | $217M |
| Other Expenses | $0 |
| Operating Expenses | $217M |
| Cost & Expenses | $851M |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $46M |
| EBIT | $316M |
| EBITDA | $362M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $532M |
| R&D Expenses | $0 |
| Selling & Marketing | $96M |
| General & Administrative | $121M |
| SG&A Expenses | $217M |
| Other Expenses | $0 |
| Operating Expenses | $217M |
| Cost & Expenses | $851M |
| OPERATING INCOME | $315M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $230M |
| D&A | $46M |
| EBIT | $316M |
| EBITDA | $362M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $230M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $237M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $720M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$59M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $670M |
| FREE CASH FLOW | $220M |
| Net Change in Cash | $891M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $354M |
| Inventory | $396M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $567M |
| Goodwill | $2.1B |
| Intangible Assets | $2.7B |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $281M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $460M |
| Short-Term Debt | $988M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $244M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $580M |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $293M |
| Additional Paid-In Capital | $296M |
| Retained Earnings | $4.4B |
| Treasury Stock | -$2.1B |
| Accum. Other Comp. Income | -$99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $2.9B |
| Net Debt | $1.9B |
