| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $837M | $878M | $726M | -4.7% | 15.3% |
| Op. Income | -$17M | $39M | $162M | -143.6% | -110.5% |
| Gross Margin | 50.8% | 54.0% | 55.6% | -3.2pp | -4.9pp |
| Net Margin | 11.2% | -4.3% | 15.0% | 15.6pp | -3.8pp |
| EPS (Diluted) | $0.50 | $-0.20 | $0.63 | 350.0% | -20.6% |
| Free Cash Flow | $147M | $46M | $86M | 219.6% | 70.9% |
| Item | Amount |
|---|---|
| REVENUE | $837M |
| Cost of Revenue | $412M |
| GROSS PROFIT | $425M |
| R&D Expenses | $150M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $295M |
| Other Expenses | -$3M |
| Operating Expenses | $442M |
| Cost & Expenses | $854M |
| OPERATING INCOME | -$17M |
| Interest Income | $3M |
| Interest Expense | $22M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$117M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $78M |
| EBIT | -$1M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$235M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $207M |
| OPERATING CASH FLOW | $171M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $147M |
| Net Change in Cash | $162M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $980M |
| Short-Term Investments | $0 |
| Net Receivables | $454M |
| Inventory | $609M |
| Other Current Assets | $232M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $539M |
| Goodwill | $1.9B |
| Intangible Assets | $807M |
| Long-Term Investments | $61M |
| Tax Assets | $204M |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $229M |
| Short-Term Debt | $20M |
| Deferred Revenue | $354M |
| Other Current Liabilities | $170M |
| TOTAL CURRENT LIABILITIES | $886M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $105M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $547M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | -$412M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.0B |
| Net Debt | $1.1B |
