| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | 3.3% | 16.8% |
| Op. Income | $157M | $162M | $6M | -2.8% | 2472.1% |
| Gross Margin | 22.8% | 23.5% | 17.3% | -0.7pp | 5.6pp |
| Net Margin | 9.8% | 10.4% | 0.6% | -0.7pp | 9.2pp |
| EPS (Diluted) | $1.85 | $1.91 | $0.10 | -3.1% | 1750.0% |
| Free Cash Flow | $138M | $107M | $183M | 28.7% | -24.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $987M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $63M |
| Operating Expenses | $135M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $17M |
| EBIT | $167M |
| EBITDA | $183M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $987M |
| GROSS PROFIT | $292M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $63M |
| Operating Expenses | $135M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $157M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $124M |
| D&A | $17M |
| EBIT | $167M |
| EBITDA | $183M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $168M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$362M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | -$130M |
| NET CASH FROM INVESTING | -$252M |
| Net Debt Issuance | -$128M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $234M |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | $138M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $471M |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | -$2.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $328M |
| Long-Term Investments | $8.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$10.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.0B |
| Account Payables | $0 |
| Short-Term Debt | $449M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.2B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $330M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $178M |
| Other Non-Current Liabilities | -$508M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $336M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $778M |
| Net Debt | $642M |
