| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.6B | $1.6B | 17.1% | 16.4% |
| Op. Income | $277M | $243M | $324M | 14.0% | -14.5% |
| Gross Margin | 48.5% | 51.0% | 51.9% | -2.5pp | -3.4pp |
| Net Margin | 9.4% | 10.3% | 18.4% | -1.0pp | -9.1pp |
| EPS (Diluted) | $0.47 | $0.43 | $0.83 | 9.3% | -43.4% |
| Free Cash Flow | $234M | $132M | $315M | 77.2% | -25.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $961M |
| GROSS PROFIT | $904M |
| R&D Expenses | $117M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $509M |
| Other Expenses | $0 |
| Operating Expenses | $627M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $277M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | -$700.0K |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $110M |
| EBIT | $249M |
| EBITDA | $359M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $961M |
| GROSS PROFIT | $904M |
| R&D Expenses | $117M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $509M |
| Other Expenses | $0 |
| Operating Expenses | $627M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $277M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $204M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $175M |
| Net Income from Discontinued Ops | -$700.0K |
| Other Adjustments | $0 |
| NET INCOME | $175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $157M |
| D&A | $110M |
| EBIT | $249M |
| EBITDA | $359M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $175M |
| Depreciation & Amortization | $110M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$3.2B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3.3B |
| Net Debt Issuance | $392M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $365M |
| FREE CASH FLOW | $234M |
| Net Change in Cash | -$2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $694M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $712M |
| Goodwill | $7.8B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $755M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $698M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$68M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $11M |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $6.4B |
| Net Debt | $5.3B |
