| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $904M | $1.8B | 73.5% | -12.4% |
| Op. Income | $313M | $88M | $361M | 257.7% | -13.2% |
| Gross Margin | 51.5% | 55.3% | 51.4% | -3.8pp | 0.1pp |
| Net Margin | 16.8% | 6.7% | 14.8% | 10.1pp | 2.0pp |
| EPS (Diluted) | $2.06 | $0.48 | $2.09 | 329.2% | -1.4% |
| Free Cash Flow | -$98M | -$120M | -$201M | 18.4% | 51.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $761M |
| GROSS PROFIT | $809M |
| R&D Expenses | $66M |
| Selling & Marketing | $134M |
| General & Administrative | $272M |
| SG&A Expenses | $407M |
| Other Expenses | $23M |
| Operating Expenses | $495M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $313M |
| Interest Income | $5M |
| Interest Expense | $23M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $66M |
| EBIT | $319M |
| EBITDA | $384M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $761M |
| GROSS PROFIT | $809M |
| R&D Expenses | $66M |
| Selling & Marketing | $134M |
| General & Administrative | $272M |
| SG&A Expenses | $407M |
| Other Expenses | $23M |
| Operating Expenses | $495M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $313M |
| Interest Income | $5M |
| Interest Expense | $23M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $264M |
| D&A | $66M |
| EBIT | $319M |
| EBITDA | $384M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $264M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$415M |
| OPERATING CASH FLOW | -$66M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$84M |
| Common Dividends Paid | -$80M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$157M |
| FREE CASH FLOW | -$98M |
| Net Change in Cash | -$252M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $907M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $611M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $255M |
| Goodwill | $572M |
| Intangible Assets | $732M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $743M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $459M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $591M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $105M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.3B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$297M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $1.7B |
| Net Debt | $808M |
