| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $455M | $465M | $478M | -2.2% | -5.0% |
| Op. Income | $82M | $67M | $71M | 22.0% | 15.3% |
| Gross Margin | 42.1% | 44.3% | 42.3% | -2.2pp | -0.2pp |
| Net Margin | 16.4% | -1.5% | 7.4% | 17.8pp | 9.0pp |
| EPS (Diluted) | $0.29 | $-0.03 | $0.12 | 1170.1% | 141.7% |
| Free Cash Flow | $60M | $210M | $46M | -71.6% | 30.1% |
| Item | Amount |
|---|---|
| REVENUE | $455M |
| Cost of Revenue | $263M |
| GROSS PROFIT | $191M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $39M |
| EBIT | $96M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $455M |
| Cost of Revenue | $263M |
| GROSS PROFIT | $191M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $99M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $110M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $39M |
| EBIT | $96M |
| EBITDA | $135M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$88M |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$64M |
| Purchases of Investments | $12M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$800.0K |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $0 |
| Net Receivables | $364M |
| Inventory | $200M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $833M |
| PP&E (Net) | $265M |
| Goodwill | $2.2B |
| Intangible Assets | $944M |
| Long-Term Investments | $300.0K |
| Tax Assets | -$300.0K |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $97M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $294M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $120M |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$1.5B |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | -$281M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | -$2M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
