| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $1.9B | -14.7% | -4.5% |
| Op. Income | $53M | $163M | $50M | -67.5% | 5.7% |
| Gross Margin | 28.2% | 30.3% | 27.5% | -2.1pp | 0.7pp |
| Net Margin | 2.0% | 5.5% | 1.9% | -3.4pp | 0.1pp |
| EPS (Diluted) | $0.39 | $1.20 | $0.35 | -67.5% | 11.4% |
| Free Cash Flow | -$194M | $288M | -$270M | -167.4% | 28.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $524M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $469M |
| Other Expenses | -$68.0K |
| Operating Expenses | $471M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $59M |
| EBIT | $53M |
| EBITDA | $111M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $524M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $469M |
| Other Expenses | -$68.0K |
| Operating Expenses | $471M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $59M |
| EBIT | $53M |
| EBITDA | $111M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$257M |
| OPERATING CASH FLOW | -$155M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $293M |
| Common Stock Repurchased | -$108M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $162M |
| FREE CASH FLOW | -$194M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $2.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.6B |
| Goodwill | $250M |
| Intangible Assets | $132M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $1.0B |
| Short-Term Debt | $5M |
| Deferred Revenue | $168M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $438M |
| Deferred Revenue NC | $729M |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $948.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$118.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $444M |
| Net Debt | $352M |
