| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $987M | $979M | $895M | 0.8% | 10.3% |
| Op. Income | $81M | $102M | $70M | -20.4% | 15.0% |
| Gross Margin | 15.7% | 17.8% | 15.5% | -2.0pp | 0.3pp |
| Net Margin | 7.0% | 8.5% | 6.5% | -1.5pp | 0.5pp |
| EPS (Diluted) | $1.25 | $1.50 | $1.06 | -16.7% | 17.9% |
| Free Cash Flow | $137M | $78M | $134M | 74.6% | 2.5% |
| Item | Amount |
|---|---|
| REVENUE | $987M |
| Cost of Revenue | $832M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $75M |
| Operating Expenses | $75M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $16M |
| EBIT | $85M |
| EBITDA | $101M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $987M |
| Cost of Revenue | $832M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $75M |
| Operating Expenses | $75M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $16M |
| EBIT | $85M |
| EBITDA | $101M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $36.0K |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | $134M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$560M |
| Sales/Maturities of Investments | $531M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $422M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $737M |
| PP&E (Net) | $214M |
| Goodwill | $43M |
| Intangible Assets | $12M |
| Long-Term Investments | $4.2B |
| Tax Assets | $21M |
| Other Non-Current Assets | -$4.2B |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $5.9B |
| Account Payables | $156M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$156M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $372M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $421M |
| Net Debt | $105M |
