| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $824M | $789M | $806M | 4.4% | 2.2% |
| Op. Income | $133M | -$604M | $115M | 122.0% | 15.7% |
| Gross Margin | 52.9% | 52.6% | 50.8% | 0.3pp | 2.1pp |
| Net Margin | 13.7% | -86.3% | 7.4% | 100.0pp | 6.3pp |
| EPS (Diluted) | $0.41 | $-2.46 | $0.21 | 116.7% | 95.2% |
| Free Cash Flow | $209M | $70M | -$436M | 197.3% | 148.0% |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $388M |
| GROSS PROFIT | $436M |
| R&D Expenses | $54M |
| Selling & Marketing | $141M |
| General & Administrative | $86M |
| SG&A Expenses | $227M |
| Other Expenses | $5M |
| Operating Expenses | $297M |
| Cost & Expenses | $685M |
| OPERATING INCOME | $133M |
| Interest Income | $2M |
| Interest Expense | $35M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $121M |
| EBIT | $140M |
| EBITDA | $260M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $388M |
| GROSS PROFIT | $436M |
| R&D Expenses | $54M |
| Selling & Marketing | $141M |
| General & Administrative | $86M |
| SG&A Expenses | $227M |
| Other Expenses | $5M |
| Operating Expenses | $297M |
| Cost & Expenses | $685M |
| OPERATING INCOME | $133M |
| Interest Income | $2M |
| Interest Expense | $35M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $121M |
| EBIT | $140M |
| EBITDA | $260M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$37M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $234M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$149M |
| Common Stock Repurchased | -$97M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$242M |
| FREE CASH FLOW | $209M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $575M |
| Short-Term Investments | $0 |
| Net Receivables | $552M |
| Inventory | $371M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $462M |
| Goodwill | $2.5B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $167M |
| Short-Term Debt | $525M |
| Deferred Revenue | $176M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $495M |
| Other Non-Current Liabilities | $150M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | -$2.5B |
| Treasury Stock | -$637M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $3.3B |
| Net Debt | $2.7B |
