| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.2B | -0.8% | 1.9% |
| Op. Income | $333M | $207M | $381M | 60.9% | -12.6% |
| Gross Margin | 33.0% | 29.2% | 36.2% | 3.7pp | -3.3pp |
| Net Margin | 8.8% | 4.2% | 12.7% | 4.6pp | -3.9pp |
| EPS (Diluted) | $0.64 | $0.31 | $0.91 | 106.5% | -29.7% |
| Free Cash Flow | $120M | $97M | $130M | 23.7% | -7.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $726M |
| R&D Expenses | $23M |
| Selling & Marketing | $211M |
| General & Administrative | $148M |
| SG&A Expenses | $359M |
| Other Expenses | $11M |
| Operating Expenses | $393M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $333M |
| Interest Income | $1M |
| Interest Expense | $91M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $14M |
| Other Adjustments | $0 |
| NET INCOME | $194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $194M |
| D&A | $122M |
| EBIT | $327M |
| EBITDA | $449M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $726M |
| R&D Expenses | $23M |
| Selling & Marketing | $211M |
| General & Administrative | $148M |
| SG&A Expenses | $359M |
| Other Expenses | $11M |
| Operating Expenses | $393M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $333M |
| Interest Income | $1M |
| Interest Expense | $91M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $236M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $180M |
| Net Income from Discontinued Ops | $14M |
| Other Adjustments | $0 |
| NET INCOME | $194M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $194M |
| D&A | $122M |
| EBIT | $327M |
| EBITDA | $449M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $194M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $231M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$107M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$148M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $995M |
| Inventory | $1.2B |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $3.2B |
| Goodwill | $4.7B |
| Intangible Assets | $4.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $224M |
| TOTAL NON-CURRENT ASSETS | $12.1B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $951M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $960M |
| Other Non-Current Liabilities | $549M |
| TOTAL NON-CURRENT LIABILITIES | $9.5B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $339M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$156M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $9M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $9.8B |
| Net Debt | $9.6B |
