| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $266M | $306M | $313M | -12.8% | -14.8% |
| Op. Income | $76M | $58M | $40M | 32.8% | 88.7% |
| Gross Margin | 34.7% | 41.0% | 36.9% | -6.3pp | -2.2pp |
| Net Margin | -19.0% | 8.9% | 2.8% | -27.8pp | -21.8pp |
| EPS (Diluted) | $-1.48 | $0.78 | $0.25 | -289.7% | -692.0% |
| Free Cash Flow | $239M | $186M | $212M | 28.8% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $23M |
| General & Administrative | $22M |
| SG&A Expenses | $45M |
| Other Expenses | -$29M |
| Operating Expenses | $16M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $76M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$91M |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $3M |
| EBIT | $57M |
| EBITDA | $60M |
| EPS | -$2 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $291M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $243M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$351M |
| NET CASH FROM INVESTING | -$354M |
| Net Debt Issuance | $119M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $93M |
| FREE CASH FLOW | $239M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $74M |
| Goodwill | $267M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $366M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $24M |
| Short-Term Debt | $2M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $991M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $49M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $64M |
| Retained Earnings | $373M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $377M |
| Minority Interest | $0 |
| TOTAL EQUITY | $377M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.0B |
| Net Debt | $993M |
