| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | -0.3% | 8.3% |
| Op. Income | $197M | $185M | $117M | 6.5% | 68.4% |
| Gross Margin | 59.2% | 59.4% | 56.0% | -0.3pp | 3.2pp |
| Net Margin | 14.6% | 14.0% | 12.1% | 0.6pp | 2.6pp |
| EPS (Diluted) | $0.83 | $0.80 | $0.63 | 3.7% | 31.7% |
| Free Cash Flow | $244M | $192M | -$2M | 27.1% | 12300.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $444M |
| GROSS PROFIT | $643M |
| R&D Expenses | $168M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $281M |
| Other Expenses | -$3M |
| Operating Expenses | $446M |
| Cost & Expenses | $890M |
| OPERATING INCOME | $197M |
| Interest Income | $7M |
| Interest Expense | $20M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $78M |
| EBIT | $219M |
| EBITDA | $297M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $444M |
| GROSS PROFIT | $643M |
| R&D Expenses | $168M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $281M |
| Other Expenses | -$3M |
| Operating Expenses | $446M |
| Cost & Expenses | $890M |
| OPERATING INCOME | $197M |
| Interest Income | $7M |
| Interest Expense | $20M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $40M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $78M |
| EBIT | $219M |
| EBITDA | $297M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $274M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$90M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$120M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $244M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $618M |
| Inventory | $696M |
| Other Current Assets | $227M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $568M |
| Goodwill | $1.2B |
| Intangible Assets | $546M |
| Long-Term Investments | $46M |
| Tax Assets | $703M |
| Other Non-Current Assets | $341M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $247M |
| Short-Term Debt | $500M |
| Deferred Revenue | $324M |
| Other Current Liabilities | $223M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $177M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $509M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$312M |
| Accum. Other Comp. Income | -$460M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $1.8B |
| Net Debt | $398M |
