| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.6B | — | 2.8% | — |
| Op. Income | $188M | $203M | — | -7.4% | — |
| Gross Margin | 13.9% | 15.6% | — | -1.6pp | — |
| Net Margin | 7.1% | 5.7% | — | 1.4pp | — |
| EPS (Diluted) | $1.25 | $0.96 | — | 30.2% | — |
| Free Cash Flow | $84M | $346M | — | -75.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $369M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $182M |
| SG&A Expenses | $182M |
| Other Expenses | -$1M |
| Operating Expenses | $181M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $188M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | -$38M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $188M |
| D&A | $64M |
| EBIT | $191M |
| EBITDA | $255M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $369M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $182M |
| SG&A Expenses | $182M |
| Other Expenses | -$1M |
| Operating Expenses | $181M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $188M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | -$38M |
| Net Income from Continuing Ops | $188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $188M |
| D&A | $64M |
| EBIT | $191M |
| EBITDA | $255M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $188M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$160M |
| OPERATING CASH FLOW | $104M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$256M |
| Common Dividends Paid | -$47M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $327M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $635M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $237M |
| Goodwill | $4.9B |
| Intangible Assets | $652M |
| Long-Term Investments | $26M |
| Tax Assets | $0 |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $547M |
| Short-Term Debt | $72M |
| Deferred Revenue | $276M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $170M |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $372M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $3M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $3.1B |
| Net Debt | $2.8B |
