| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | — | $1.5B | — | 6.7% |
| Op. Income | $243M | — | $278M | — | -12.5% |
| Gross Margin | 51.0% | — | 51.4% | — | -0.3pp |
| Net Margin | 10.3% | — | 17.5% | — | -7.2pp |
| EPS (Diluted) | $0.43 | — | $0.74 | — | -41.9% |
| Free Cash Flow | $132M | — | $140M | — | -5.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $780M |
| GROSS PROFIT | $813M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $460M |
| Other Expenses | $0 |
| Operating Expenses | $569M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $400.0K |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $82M |
| EBIT | $218M |
| EBITDA | $300M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $780M |
| GROSS PROFIT | $813M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $460M |
| Other Expenses | $0 |
| Operating Expenses | $569M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $192M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $400.0K |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $82M |
| EBIT | $218M |
| EBITDA | $300M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $164M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | $132M |
| Net Change in Cash | $2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $608M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $635M |
| Goodwill | $6.2B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $621M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $15.7B |
| Account Payables | $668M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $12M |
| TOTAL EQUITY | $6.9B |
| TOTAL LIABILITIES & EQUITY | $15.7B |
| Total Debt | $6.0B |
| Net Debt | $2.2B |
