| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.2B | 0.9% | 0.4% |
| Op. Income | $342M | $381M | $400M | -10.2% | -14.5% |
| Gross Margin | 35.1% | 36.2% | 37.4% | -1.1pp | -2.2pp |
| Net Margin | 13.1% | 12.7% | 4.7% | 0.3pp | 8.4pp |
| EPS (Diluted) | $0.95 | $0.91 | $0.33 | 4.4% | 187.9% |
| Free Cash Flow | $398M | $130M | $375M | 206.2% | 6.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $766M |
| R&D Expenses | $27M |
| Selling & Marketing | $228M |
| General & Administrative | $165M |
| SG&A Expenses | $393M |
| Other Expenses | $4M |
| Operating Expenses | $424M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $342M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $79M |
| EBIT | $243M |
| EBITDA | $322M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $766M |
| R&D Expenses | $27M |
| Selling & Marketing | $228M |
| General & Administrative | $165M |
| SG&A Expenses | $393M |
| Other Expenses | $4M |
| Operating Expenses | $424M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $342M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | $211M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | $285M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $285M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $285M |
| D&A | $79M |
| EBIT | $243M |
| EBITDA | $322M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $285M |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$95M |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $108M |
| OPERATING CASH FLOW | $472M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | -$682M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$762M |
| Net Debt Issuance | $423M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$105M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $317M |
| FREE CASH FLOW | $398M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $738M |
| Inventory | $869M |
| Other Current Assets | $125M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $2.5B |
| Goodwill | $2.3B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $146M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $707M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $383M |
| Other Non-Current Liabilities | $745M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $12M |
| Additional Paid-In Capital | $321M |
| Retained Earnings | $2.7B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $7M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $3.9B |
| Net Debt | $3.7B |
