| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.6B | -0.3% | 16.2% |
| Op. Income | $263M | $277M | $282M | -5.2% | -6.6% |
| Gross Margin | 49.9% | 48.5% | 51.6% | 1.4pp | -1.7pp |
| Net Margin | 11.1% | 9.4% | 15.3% | 1.8pp | -4.2pp |
| EPS (Diluted) | $0.56 | $0.47 | $0.64 | 19.1% | -12.5% |
| Free Cash Flow | $350M | $234M | $352M | 49.3% | -0.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $932M |
| GROSS PROFIT | $928M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $546M |
| Other Expenses | $0 |
| Operating Expenses | $665M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $263M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | -$200.0K |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $117M |
| EBIT | $282M |
| EBITDA | $399M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $932M |
| GROSS PROFIT | $928M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $546M |
| Other Expenses | $0 |
| Operating Expenses | $665M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $263M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $235M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | -$200.0K |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $190M |
| D&A | $117M |
| EBIT | $282M |
| EBITDA | $399M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $207M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $381M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$151M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$182M |
| Net Debt Issuance | -$197M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $681M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $730M |
| Goodwill | $8.0B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $808M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $694M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $12M |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $6.2B |
| Net Debt | $5.2B |
