| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $394M | $379M | $399M | 4.0% | -1.1% |
| Op. Income | $53M | $55M | $68M | -3.9% | -22.3% |
| Gross Margin | 43.2% | 43.9% | 45.6% | -0.7pp | -2.4pp |
| Net Margin | 10.3% | 32.7% | 12.1% | -22.4pp | -1.7pp |
| EPS (Diluted) | $0.30 | $0.91 | $0.34 | -67.0% | -11.8% |
| Free Cash Flow | -$1M | $205M | $56M | -100.5% | -101.8% |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $224M |
| GROSS PROFIT | $170M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | $15M |
| Operating Expenses | $118M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $53M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $876.0K |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $34M |
| EBIT | $53M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $224M |
| GROSS PROFIT | $170M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $71M |
| SG&A Expenses | $71M |
| Other Expenses | $15M |
| Operating Expenses | $118M |
| Cost & Expenses | $341M |
| OPERATING INCOME | $53M |
| Interest Income | $1M |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $876.0K |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $41M |
| D&A | $34M |
| EBIT | $53M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $41M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $34.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$217M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$241M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$239M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $283M |
| Short-Term Investments | $0 |
| Net Receivables | $261M |
| Inventory | $290M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $519M |
| Goodwill | $660M |
| Intangible Assets | $368M |
| Long-Term Investments | $0 |
| Tax Assets | $23M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $73M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $213M |
| Long-Term Debt | $978M |
| Deferred Revenue NC | -$1.0B |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $837M |
| Retained Earnings | $333M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $982M |
| Net Debt | $700M |
