| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $908M | $920M | $873M | -1.4% | 4.0% |
| Op. Income | $159M | $155M | $149M | 3.1% | 6.9% |
| Gross Margin | 44.1% | 43.3% | 43.6% | 0.8pp | 0.6pp |
| Net Margin | 10.5% | 10.8% | 12.6% | -0.2pp | -2.1pp |
| EPS (Diluted) | $1.17 | $1.25 | $1.39 | -6.4% | -15.8% |
| Free Cash Flow | $112M | $32M | $110M | 246.7% | 1.3% |
| Item | Amount |
|---|---|
| REVENUE | $908M |
| Cost of Revenue | $507M |
| GROSS PROFIT | $401M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $8M |
| Operating Expenses | $241M |
| Cost & Expenses | $748M |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $31M |
| EBIT | $125M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $908M |
| Cost of Revenue | $507M |
| GROSS PROFIT | $401M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $8M |
| Operating Expenses | $241M |
| Cost & Expenses | $748M |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $31M |
| EBIT | $125M |
| EBITDA | $156M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$54M |
| Other Financing Activities | $2.3B |
| NET CASH FROM FINANCING | $4.8B |
| FREE CASH FLOW | $112M |
| Net Change in Cash | $5.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $0 |
| Net Receivables | $953M |
| Inventory | $720M |
| Other Current Assets | -$252M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $875M |
| Goodwill | $1.2B |
| Intangible Assets | $386M |
| Long-Term Investments | $0 |
| Tax Assets | $87M |
| Other Non-Current Assets | $168M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $312M |
| Short-Term Debt | $46M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $257M |
| TOTAL CURRENT LIABILITIES | $758M |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $454M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $16M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$715M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $6M |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $4.4B |
| Net Debt | -$897M |
