| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $422M | $363M | -23.5% | -11.2% |
| Op. Income | $101M | $187M | $163M | -46.0% | -38.1% |
| Gross Margin | 42.4% | 52.9% | 53.8% | -10.6pp | -11.4pp |
| Net Margin | 28.3% | 42.4% | 35.7% | -14.1pp | -7.4pp |
| EPS (Diluted) | $1.72 | $3.36 | $2.46 | -48.8% | -30.1% |
| Free Cash Flow | $100M | $171M | $145M | -41.8% | -31.1% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $201M |
| Operating Expenses | $35M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $101M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $21M |
| EBIT | $101M |
| EBITDA | $101M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $201M |
| Operating Expenses | $35M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $101M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $21M |
| EBIT | $101M |
| EBITDA | $101M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $133M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$748.0K |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$353M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$367M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$267M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $18M |
| Net Receivables | $140M |
| Inventory | $59M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $293M |
| PP&E (Net) | $676M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $737M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $40M |
| Short-Term Debt | $2M |
| Deferred Revenue | $66M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $466M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $599M |
| TOTAL LIABILITIES | $715M |
| Common Stock | $534.0K |
| Additional Paid-In Capital | $238M |
| Retained Earnings | $88M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $468M |
| Net Debt | $413M |
