| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.2B | -2.4% | 4.6% |
| Op. Income | $162M | $149M | $81M | 8.8% | 100.6% |
| Gross Margin | 23.5% | 22.1% | 26.8% | 1.4pp | -3.2pp |
| Net Margin | 10.4% | 9.6% | 7.8% | 0.8pp | 2.6pp |
| EPS (Diluted) | $1.91 | $1.84 | $1.40 | 3.8% | 36.4% |
| Free Cash Flow | $107M | $126M | $133M | -15.2% | -19.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $60M |
| Operating Expenses | $130M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $162M |
| Interest Income | $79M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $15M |
| EBIT | $171M |
| EBITDA | $185M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $60M |
| Operating Expenses | $130M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $162M |
| Interest Income | $79M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $15M |
| EBIT | $171M |
| EBITDA | $185M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $100.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$56M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$312M |
| Sales/Maturities of Investments | $368M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $32M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | -$133M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $7.3B |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $775M |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $537M |
| Long-Term Investments | $8.5B |
| Tax Assets | $175M |
| Other Non-Current Assets | -$8.5B |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $0 |
| Short-Term Debt | $108M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$809M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $809M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $175M |
| Other Non-Current Liabilities | $7.9B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $8.9B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $370M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $916M |
| Net Debt | $783M |
