| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $264M | $313M | $254M | -15.4% | 4.0% |
| Op. Income | $73M | $40M | $62M | 80.3% | 18.2% |
| Gross Margin | 47.7% | 36.9% | 49.6% | 10.8pp | -1.9pp |
| Net Margin | 13.2% | 2.8% | 11.0% | 10.5pp | 2.3pp |
| EPS (Diluted) | $1.02 | $0.25 | $0.81 | 308.0% | 25.9% |
| Free Cash Flow | $216M | $212M | $150M | 2.0% | 44.5% |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $29M |
| SG&A Expenses | $48M |
| Other Expenses | $5M |
| Operating Expenses | $53M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $4M |
| EBIT | $53M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $19M |
| General & Administrative | $29M |
| SG&A Expenses | $48M |
| Other Expenses | $5M |
| Operating Expenses | $53M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $73M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $4M |
| EBIT | $53M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $143M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $221M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$99M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $216M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $0 |
| Net Receivables | $866M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $984M |
| PP&E (Net) | $72M |
| Goodwill | $267M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $354M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $87M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $792M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $872M |
| TOTAL LIABILITIES | $959M |
| Common Stock | $0 |
| Additional Paid-In Capital | $52M |
| Retained Earnings | $371M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $379M |
| Minority Interest | $0 |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $831M |
| Net Debt | $738M |
