| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $810M | $482M | $760M | 68.0% | 6.6% |
| Op. Income | $193M | $67M | $53M | 186.8% | 262.8% |
| Gross Margin | 52.2% | 46.7% | 50.5% | 5.6pp | 1.8pp |
| Net Margin | 10.7% | 10.3% | 5.4% | 0.4pp | 5.3pp |
| EPS (Diluted) | $0.45 | $0.26 | $0.21 | 74.7% | 111.8% |
| Free Cash Flow | $425M | -$182M | $452M | 333.6% | -6.0% |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $387M |
| GROSS PROFIT | $423M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $617M |
| OPERATING INCOME | $193M |
| Interest Income | $590.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$138.0K |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $107M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $12M |
| EBIT | $195M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $387M |
| GROSS PROFIT | $423M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $230M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $617M |
| OPERATING INCOME | $193M |
| Interest Income | $590.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$138.0K |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $107M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $12M |
| EBIT | $195M |
| EBITDA | $207M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $610.0K |
| Change in Working Capital | $316M |
| OPERATING CASH FLOW | $436M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$133M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$164M |
| FREE CASH FLOW | $425M |
| Net Change in Cash | $262M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $493M |
| Short-Term Investments | $0 |
| Net Receivables | $241M |
| Inventory | $396M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $216M |
| Goodwill | $14M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $346M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $199M |
| Short-Term Debt | $571.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $365M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $498M |
| Common Stock | $318.0K |
| Additional Paid-In Capital | $165M |
| Retained Earnings | $890M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $32M |
| Net Debt | -$461M |
