| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $391M | $402M | $367M | -2.6% | 6.5% |
| Op. Income | $47M | $71M | $78M | -33.4% | -39.5% |
| Gross Margin | 45.4% | 44.8% | 47.9% | 0.6pp | -2.6pp |
| Net Margin | 8.4% | 20.1% | 15.7% | -11.8pp | -7.3pp |
| EPS (Diluted) | $0.24 | $0.59 | $0.40 | -59.3% | -40.0% |
| Free Cash Flow | -$37M | $57M | $18M | -165.5% | -308.2% |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $177M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $19M |
| Operating Expenses | $130M |
| Cost & Expenses | $344M |
| OPERATING INCOME | $47M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $35M |
| EBIT | $49M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $214M |
| GROSS PROFIT | $177M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $19M |
| Operating Expenses | $130M |
| Cost & Expenses | $344M |
| OPERATING INCOME | $47M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $35M |
| EBIT | $49M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $6.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$50M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $197.0K |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $342M |
| Short-Term Investments | $0 |
| Net Receivables | $232M |
| Inventory | $272M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $923M |
| PP&E (Net) | $486M |
| Goodwill | $585M |
| Intangible Assets | $285M |
| Long-Term Investments | $0 |
| Tax Assets | $23M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $79M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $213M |
| Long-Term Debt | $975M |
| Deferred Revenue NC | -$84M |
| Deferred Tax Liabilities | $84M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $829M |
| Retained Earnings | $213M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $979M |
| Net Debt | $636M |
