| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | -2.0% | 7.4% |
| Op. Income | $243M | $433M | $386M | -43.8% | -36.9% |
| Gross Margin | 55.6% | 63.5% | 63.9% | -7.9pp | -8.3pp |
| Net Margin | 17.6% | 33.0% | 30.0% | -15.4pp | -12.5pp |
| EPS (Diluted) | $1.23 | $2.42 | $1.95 | -49.2% | -36.9% |
| Free Cash Flow | $138M | $256M | $338M | -46.2% | -59.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $487M |
| GROSS PROFIT | $610M |
| R&D Expenses | $185M |
| Selling & Marketing | $0 |
| General & Administrative | $182M |
| SG&A Expenses | $182M |
| Other Expenses | $0 |
| Operating Expenses | $367M |
| Cost & Expenses | $854M |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $73M |
| EBIT | $253M |
| EBITDA | $326M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $487M |
| GROSS PROFIT | $610M |
| R&D Expenses | $185M |
| Selling & Marketing | $0 |
| General & Administrative | $182M |
| SG&A Expenses | $182M |
| Other Expenses | $0 |
| Operating Expenses | $367M |
| Cost & Expenses | $854M |
| OPERATING INCOME | $243M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $73M |
| EBIT | $253M |
| EBITDA | $326M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $193M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $73.0K |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | $164M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$1.8B |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $129M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$114M |
| Other Financing Activities | -$894.0K |
| NET CASH FROM FINANCING | $869M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | -$702M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $805M |
| Net Receivables | $1.0B |
| Inventory | $1.3B |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $412M |
| Goodwill | $2.2B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $206M |
| Other Non-Current Assets | $203M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $206M |
| Short-Term Debt | $250M |
| Deferred Revenue | $559M |
| Other Current Liabilities | $451M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $91M |
| Deferred Tax Liabilities | $762M |
| Other Non-Current Liabilities | $576M |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $928M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $36M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $3.4B |
| Net Debt | $2.3B |
