| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $756M | $851M | $818M | -11.1% | -7.6% |
| Op. Income | $156M | $125M | -$323M | 25.3% | 148.4% |
| Gross Margin | 52.3% | 51.0% | 5.2% | 1.3pp | 47.2pp |
| Net Margin | 12.7% | 45.4% | -33.3% | -32.7pp | 46.0pp |
| EPS (Diluted) | $0.36 | $1.43 | $-1.01 | -74.8% | 135.6% |
| Free Cash Flow | $86M | $82M | $104M | 4.5% | -17.4% |
| Item | Amount |
|---|---|
| REVENUE | $756M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $396M |
| R&D Expenses | $49M |
| Selling & Marketing | $111M |
| General & Administrative | $67M |
| SG&A Expenses | $178M |
| Other Expenses | $13M |
| Operating Expenses | $239M |
| Cost & Expenses | $600M |
| OPERATING INCOME | $156M |
| Interest Income | $1M |
| Interest Expense | $31M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $94M |
| EBIT | $150M |
| EBITDA | $244M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $756M |
| Cost of Revenue | $360M |
| GROSS PROFIT | $396M |
| R&D Expenses | $49M |
| Selling & Marketing | $111M |
| General & Administrative | $67M |
| SG&A Expenses | $178M |
| Other Expenses | $13M |
| Operating Expenses | $239M |
| Cost & Expenses | $600M |
| OPERATING INCOME | $156M |
| Interest Income | $1M |
| Interest Expense | $31M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $119M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $94M |
| EBIT | $150M |
| EBITDA | $244M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $292M |
| Change in Working Capital | -$380M |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $141M |
| NET CASH FROM INVESTING | $78M |
| Net Debt Issuance | -$268M |
| Common Stock Repurchased | -$269M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $760M |
| NET CASH FROM FINANCING | $223M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $418M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $800M |
| Short-Term Investments | $0 |
| Net Receivables | $597M |
| Inventory | $401M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $445M |
| Goodwill | $2.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $519M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $134M |
| Short-Term Debt | $806M |
| Deferred Revenue | $173M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $236M |
| Other Non-Current Liabilities | $231M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.8B |
| Retained Earnings | -$2.2B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $5M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $3.6B |
| Net Debt | $2.8B |
