| Metric | Q1 2014 | Q4 2013 | Q1 2013 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $354M | $307M | $364M | 15.4% | -2.7% |
| Op. Income | $22M | $12M | $41M | 89.2% | -45.1% |
| Gross Margin | 23.0% | 19.2% | 25.6% | 3.8pp | -2.6pp |
| Net Margin | 4.5% | 2.7% | 7.5% | 1.8pp | -2.9pp |
| EPS (Diluted) | $0.60 | $0.31 | $1.02 | 93.5% | -41.2% |
| Free Cash Flow | $4M | -$45M | -$32M | 110.0% | 113.8% |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $273M |
| GROSS PROFIT | $82M |
| R&D Expenses | $5M |
| Selling & Marketing | $6M |
| General & Administrative | $48M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $332M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $752.0K |
| Other Income/Expenses | -$451.0K |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $8M |
| EBIT | $23M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $273M |
| GROSS PROFIT | $82M |
| R&D Expenses | $5M |
| Selling & Marketing | $6M |
| General & Administrative | $48M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $332M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $752.0K |
| Other Income/Expenses | -$451.0K |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $8M |
| EBIT | $23M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $28.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $454M |
| Inventory | $64M |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $742M |
| PP&E (Net) | $64M |
| Goodwill | $187M |
| Intangible Assets | $75M |
| Long-Term Investments | $0 |
| Tax Assets | $18M |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $456M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $25M |
| Short-Term Debt | $31M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $154M |
| TOTAL CURRENT LIABILITIES | $298M |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $446M |
| Common Stock | $17M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $761M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | -$36M |
| TOTAL STOCKHOLDERS' EQUITY | $752M |
| Minority Interest | $0 |
| TOTAL EQUITY | $752M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $133M |
| Net Debt | $7M |
