| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $1.9B | $1.7B | 18.2% | 33.4% |
| Op. Income | $207M | $211M | $447M | -1.9% | -53.7% |
| Gross Margin | 29.2% | 32.7% | 43.0% | -3.5pp | -13.7pp |
| Net Margin | 4.2% | -20.9% | 19.1% | 25.2pp | -14.9pp |
| EPS (Diluted) | $0.31 | $-1.31 | $1.04 | 123.7% | -70.2% |
| Free Cash Flow | $97M | $273M | $137M | -64.5% | -29.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $649M |
| R&D Expenses | $26M |
| Selling & Marketing | $223M |
| General & Administrative | $177M |
| SG&A Expenses | $400M |
| Other Expenses | $16M |
| Operating Expenses | $442M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $207M |
| Interest Income | $1M |
| Interest Expense | $94M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $128M |
| EBIT | $290M |
| EBITDA | $418M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $649M |
| R&D Expenses | $26M |
| Selling & Marketing | $223M |
| General & Administrative | $177M |
| SG&A Expenses | $400M |
| Other Expenses | $16M |
| Operating Expenses | $442M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $207M |
| Interest Income | $1M |
| Interest Expense | $94M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $196M |
| Income Tax Expense | $102M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $128M |
| EBIT | $290M |
| EBITDA | $418M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$64M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $281M |
| Capital Expenditure | -$184M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$189M |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$105M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | -$150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $563M |
| Inventory | $887M |
| Other Current Assets | $797M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $2.5B |
| Goodwill | $3.9B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $92M |
| Tax Assets | $2M |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $705M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $896M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $960M |
| Other Non-Current Liabilities | $611M |
| TOTAL NON-CURRENT LIABILITIES | $9.6B |
| TOTAL LIABILITIES | $13.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $349M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $9M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $9.5B |
| Net Debt | $9.5B |
