| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $883M | $782M | $724M | 12.9% | 22.1% |
| Op. Income | $168M | $129M | $134M | 30.4% | 25.2% |
| Gross Margin | 55.0% | 53.9% | 54.8% | 1.1pp | 0.2pp |
| Net Margin | 14.1% | 12.3% | 13.2% | 1.8pp | 0.9pp |
| EPS (Diluted) | $0.96 | $0.74 | $0.71 | 29.7% | 35.2% |
| Free Cash Flow | $46M | -$131M | $124M | 134.7% | -63.4% |
| Item | Amount |
|---|---|
| REVENUE | $883M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $0 |
| Operating Expenses | $318M |
| Cost & Expenses | $715M |
| OPERATING INCOME | $168M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $170M |
| Income Tax Expense | $45M |
| 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 | $125M |
| D&A | $38M |
| EBIT | $168M |
| EBITDA | $206M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $883M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $486M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $0 |
| Operating Expenses | $318M |
| Cost & Expenses | $715M |
| OPERATING INCOME | $168M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $170M |
| Income Tax Expense | $45M |
| 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 | $125M |
| D&A | $38M |
| EBIT | $168M |
| EBITDA | $206M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$447.0K |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $405.0K |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $876.0K |
| NET CASH FROM FINANCING | -$693.0K |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $624M |
| Short-Term Investments | $0 |
| Net Receivables | $140M |
| Inventory | $494M |
| Other Current Assets | -$38M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $24M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $26M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $111M |
| Short-Term Debt | $0 |
| Deferred Revenue | $89M |
| Other Current Liabilities | $119M |
| TOTAL CURRENT LIABILITIES | $553M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $635M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $615.0K |
| Additional Paid-In Capital | $330M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$228M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $698M |
| Net Debt | $75M |
