| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $586M | $645M | $495M | -9.1% | 18.4% |
| Op. Income | $98M | $100M | $144M | -2.0% | -32.2% |
| Gross Margin | 32.8% | 32.1% | 36.9% | 0.7pp | -4.2pp |
| Net Margin | 11.6% | 10.8% | 16.1% | 0.8pp | -4.6pp |
| EPS (Diluted) | $0.15 | $0.16 | $0.18 | -6.3% | -16.7% |
| Free Cash Flow | $34M | $4M | $48M | 672.7% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $586M |
| Cost of Revenue | $394M |
| GROSS PROFIT | $192M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | -$12M |
| Operating Expenses | $95M |
| Cost & Expenses | $489M |
| OPERATING INCOME | $98M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $30M |
| EBIT | $98M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $586M |
| Cost of Revenue | $394M |
| GROSS PROFIT | $192M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | -$12M |
| Operating Expenses | $95M |
| Cost & Expenses | $489M |
| OPERATING INCOME | $98M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $30M |
| EBIT | $98M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $600.0K |
| Other Non-Cash Items | -$97M |
| Change in Working Capital | $116M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$92M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $315M |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $725M |
| PP&E (Net) | $1.3B |
| Goodwill | $202M |
| Intangible Assets | $179M |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $275M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $121M |
| TOTAL CURRENT LIABILITIES | $539M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $81M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $230M |
| Additional Paid-In Capital | $193M |
| Retained Earnings | $576M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $970M |
| Minority Interest | $0 |
| TOTAL EQUITY | $970M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.3B |
| Net Debt | $1.2B |
