| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $543M | $565M | $612M | -3.8% | -11.3% |
| Op. Income | $219M | $235M | $199M | -6.8% | 10.4% |
| Gross Margin | 58.0% | 60.0% | 56.5% | -2.0pp | 1.5pp |
| Net Margin | -37.0% | -26.8% | 25.0% | -10.2pp | -62.0pp |
| EPS (Diluted) | $-3.87 | $-2.88 | $2.68 | -34.4% | -244.4% |
| Free Cash Flow | -$21M | $259M | $200M | -108.1% | -110.5% |
| Item | Amount |
|---|---|
| REVENUE | $543M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $315M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $499M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $219M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$414M |
| INCOME BEFORE TAX | -$195M |
| Income Tax Expense | -$62M |
| Net Income from Continuing Ops | -$133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$201M |
| D&A | $35M |
| EBIT | $174M |
| EBITDA | $208M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$201M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$86M |
| Other Non-Cash Items | $261M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$100.0K |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | -$77M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$101M |
| NET CASH FROM FINANCING | -$244M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$260M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $36M |
| Net Receivables | $536M |
| Inventory | $0 |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $936M |
| PP&E (Net) | $102M |
| Goodwill | $2.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $2.5B |
| Tax Assets | $419M |
| Other Non-Current Assets | -$238M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $804M |
| Retained Earnings | $3.7B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$107M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $1.4B |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $2.0B |
| Net Debt | $1.7B |
