| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.5B | -6.0% | -11.9% |
| Op. Income | $45M | $13M | $53M | 246.2% | -15.1% |
| Gross Margin | 19.2% | 18.9% | 17.6% | 0.3pp | 1.5pp |
| Net Margin | -18.2% | 0.8% | -1.1% | -19.0pp | -17.0pp |
| EPS (Diluted) | $-1.15 | $0.04 | $-0.08 | -2975.0% | -1282.2% |
| Free Cash Flow | -$90M | $47M | $73M | -291.5% | -223.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $250M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $142M |
| SG&A Expenses | $142M |
| Other Expenses | -$4M |
| Operating Expenses | $205M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$297M |
| INCOME BEFORE TAX | -$252M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$237M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$237M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$239M |
| D&A | $113M |
| EBIT | $41M |
| EBITDA | -$117M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$237M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$43M |
| Other Non-Cash Items | $163M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $272M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $255M |
| NET CASH FROM INVESTING | $212M |
| Net Debt Issuance | -$484M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | -$587M |
| FREE CASH FLOW | -$90M |
| Net Change in Cash | -$408M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $586M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $35M |
| Other Current Assets | $265M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $297M |
| Goodwill | $3.4B |
| Intangible Assets | $711M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $216M |
| Short-Term Debt | $49M |
| Deferred Revenue | $119M |
| Other Current Liabilities | $634M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $142M |
| Deferred Tax Liabilities | $320M |
| Other Non-Current Liabilities | $130M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$424M |
| Other Equity | -$142M |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.6B |
| Net Debt | $991M |
