| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $549M | $592M | $601M | -7.2% | -8.7% |
| Op. Income | $195M | $199M | $199M | -2.0% | -2.1% |
| Gross Margin | 59.6% | 56.4% | 57.8% | 3.2pp | 1.7pp |
| Net Margin | 15.7% | 18.2% | 20.8% | -2.5pp | -5.1pp |
| EPS (Diluted) | $1.71 | $2.11 | $2.25 | -19.0% | -24.0% |
| Free Cash Flow | $307M | $324M | $296M | -5.1% | 3.9% |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $344M |
| OPERATING INCOME | $195M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $27M |
| EBIT | $195M |
| EBITDA | $222M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $327M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $344M |
| OPERATING INCOME | $195M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $27M |
| EBIT | $195M |
| EBITDA | $222M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $141M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $307M |
| Capital Expenditure | -$100.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$97M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$164M |
| FREE CASH FLOW | $307M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $31M |
| Net Receivables | $485M |
| Inventory | $0 |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $105M |
| Goodwill | $2.6B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $2.6B |
| Tax Assets | $412M |
| Other Non-Current Assets | -$273M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $72M |
| 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 | $743M |
| Retained Earnings | $3.8B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$125M |
| 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 | $1.6B |
