| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $837M | -3.9% | 20.2% |
| Op. Income | $121M | -$580M | -$17M | 120.9% | 811.8% |
| Gross Margin | 57.5% | 56.1% | 50.8% | 1.4pp | 6.7pp |
| Net Margin | 11.3% | -10.9% | 11.2% | 22.2pp | 0.1pp |
| EPS (Diluted) | $0.60 | $-0.60 | $0.50 | 200.0% | 20.0% |
| Free Cash Flow | $209M | $201M | $147M | 4.0% | 42.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $428M |
| GROSS PROFIT | $578M |
| R&D Expenses | $173M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $288M |
| Other Expenses | -$4M |
| Operating Expenses | $457M |
| Cost & Expenses | $885M |
| OPERATING INCOME | $121M |
| Interest Income | $4M |
| Interest Expense | $20M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $76M |
| EBIT | $140M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $428M |
| GROSS PROFIT | $578M |
| R&D Expenses | $173M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $288M |
| Other Expenses | -$4M |
| Operating Expenses | $457M |
| Cost & Expenses | $885M |
| OPERATING INCOME | $121M |
| Interest Income | $4M |
| Interest Expense | $20M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $120M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $114M |
| D&A | $76M |
| EBIT | $140M |
| EBITDA | $216M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $114M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $240M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $209M |
| Net Change in Cash | $185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $580M |
| Inventory | $641M |
| Other Current Assets | $225M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $558M |
| Goodwill | $1.2B |
| Intangible Assets | $594M |
| Long-Term Investments | $52M |
| Tax Assets | $741M |
| Other Non-Current Assets | $308M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $222M |
| Short-Term Debt | $499M |
| Deferred Revenue | $317M |
| Other Current Liabilities | $210M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $126M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $503M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$222M |
| Accum. Other Comp. Income | -$449M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $1.8B |
| Net Debt | $692M |
