| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $649M | $715M | $605M | -9.1% | 7.4% |
| Op. Income | $71M | $151M | $41M | -52.8% | 73.1% |
| Gross Margin | 39.1% | 45.7% | 37.6% | -6.5pp | 1.6pp |
| Net Margin | 9.2% | 14.4% | -3.8% | -5.1pp | 13.0pp |
| EPS (Diluted) | $1.10 | $1.89 | $-0.44 | -41.8% | 350.0% |
| Free Cash Flow | $174M | $95M | $2M | 84.4% | 7723.4% |
| Item | Amount |
|---|---|
| REVENUE | $649M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $34M |
| Operating Expenses | $183M |
| Cost & Expenses | $578M |
| OPERATING INCOME | $71M |
| Interest Income | $300.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$3.0K |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $27M |
| EBIT | $78M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $649M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $254M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $34M |
| Operating Expenses | $183M |
| Cost & Expenses | $578M |
| OPERATING INCOME | $71M |
| Interest Income | $300.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$3.0K |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $27M |
| EBIT | $78M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $117M |
| Change in Working Capital | $114M |
| OPERATING CASH FLOW | $205M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$248M |
| Common Stock Repurchased | -$692.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$245M |
| FREE CASH FLOW | $174M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $203M |
| Inventory | -$14.0K |
| Other Current Assets | $991M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $292M |
| Goodwill | $704M |
| Intangible Assets | $114M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $73M |
| Short-Term Debt | $38M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $952M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $590M |
| Deferred Revenue NC | $57M |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $710M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $670M |
| Treasury Stock | -$392M |
| Accum. Other Comp. Income | -$151M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $169.0K |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $642M |
| Net Debt | -$413M |
