| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $324M | $366M | $483M | -11.5% | -32.8% |
| Op. Income | $44M | $56M | $104M | -20.4% | -57.3% |
| Gross Margin | 50.3% | 50.5% | 48.7% | -0.2pp | 1.6pp |
| Net Margin | 9.2% | 15.9% | 7.0% | -6.7pp | 2.2pp |
| EPS (Diluted) | $0.49 | $0.93 | $0.52 | -47.3% | -5.8% |
| Free Cash Flow | $113M | $66M | $118M | 72.2% | -4.1% |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $161M |
| GROSS PROFIT | $163M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $119M |
| Cost & Expenses | $280M |
| OPERATING INCOME | $44M |
| Interest Income | $2M |
| Interest Expense | $259.0K |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $17M |
| EBIT | $33M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $161M |
| GROSS PROFIT | $163M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $119M |
| Cost & Expenses | $280M |
| OPERATING INCOME | $44M |
| Interest Income | $2M |
| Interest Expense | $259.0K |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $17M |
| EBIT | $33M |
| EBITDA | $50M |
| EPS | $1 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$750.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $452.0K |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$452.0K |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $176.0K |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $113M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $219M |
| Short-Term Investments | $60M |
| Net Receivables | $142M |
| Inventory | $168M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $640M |
| PP&E (Net) | $191M |
| Goodwill | $287M |
| Intangible Assets | $76M |
| Long-Term Investments | $165M |
| Tax Assets | $13M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $757M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $108M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $267M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $0 |
| Net Debt | -$219M |
