| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $492M | $436M | $470M | 12.7% | 4.7% |
| Op. Income | $85M | $114M | $130M | -25.2% | -34.4% |
| Gross Margin | 56.5% | 61.3% | 63.0% | -4.8pp | -6.5pp |
| Net Margin | -2.8% | 14.1% | 19.2% | -16.9pp | -21.9pp |
| EPS (Diluted) | $-0.03 | $0.13 | $0.19 | -122.5% | -115.4% |
| Free Cash Flow | $222M | $159M | $244M | 40.0% | -8.8% |
| Item | Amount |
|---|---|
| REVENUE | $492M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $278M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $165M |
| Operating Expenses | $192M |
| Cost & Expenses | $406M |
| OPERATING INCOME | $85M |
| Interest Income | $2M |
| Interest Expense | $57M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $165M |
| EBIT | $47M |
| EBITDA | $212M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $165M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $360.0K |
| Other Investing Activities | -$924M |
| NET CASH FROM INVESTING | -$929M |
| Net Debt Issuance | $247M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$177M |
| Other Financing Activities | $243M |
| NET CASH FROM FINANCING | $716M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $178M |
| Inventory | -$7M |
| Other Current Assets | $187M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $126M |
| Goodwill | $0 |
| Intangible Assets | $391M |
| Long-Term Investments | $1M |
| Tax Assets | $3.4B |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $0 |
| Short-Term Debt | $530M |
| Deferred Revenue | $53M |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $585M |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | -$17M |
| Other Non-Current Liabilities | -$281M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | -$497M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | -$3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $97M |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.6B |
| Net Debt | $1.6B |
