| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $831M | $814M | $791M | 2.1% | 5.0% |
| Op. Income | $141M | $99M | $134M | 41.6% | 4.8% |
| Gross Margin | 52.3% | 51.8% | 53.7% | 0.5pp | -1.4pp |
| Net Margin | 11.9% | 6.2% | 51.4% | 5.7pp | -39.5pp |
| EPS (Diluted) | $0.36 | $0.18 | $1.45 | 100.0% | -75.2% |
| Free Cash Flow | $82M | $200M | $147M | -59.1% | -44.3% |
| Item | Amount |
|---|---|
| REVENUE | $831M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $434M |
| R&D Expenses | $53M |
| Selling & Marketing | $146M |
| General & Administrative | $79M |
| SG&A Expenses | $225M |
| Other Expenses | -$600.0K |
| Operating Expenses | $292M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $141M |
| Interest Income | $1M |
| Interest Expense | $36M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $119M |
| EBIT | $140M |
| EBITDA | $259M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $831M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $434M |
| R&D Expenses | $53M |
| Selling & Marketing | $146M |
| General & Administrative | $79M |
| SG&A Expenses | $225M |
| Other Expenses | -$600.0K |
| Operating Expenses | $292M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $141M |
| Interest Income | $1M |
| Interest Expense | $36M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $119M |
| EBIT | $140M |
| EBITDA | $259M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$107M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | -$183M |
| Common Stock Repurchased | -$147M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$328M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | -$356M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $0 |
| Net Receivables | $579M |
| Inventory | $419M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $473M |
| Goodwill | $2.6B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $176M |
| Short-Term Debt | $319M |
| Deferred Revenue | $167M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $457M |
| Other Non-Current Liabilities | $156M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$876M |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $3.1B |
| Net Debt | $2.8B |
