| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $1.5B | 11.7% | 1.2% |
| Op. Income | $299M | $254M | $295M | 18.0% | 1.5% |
| Gross Margin | 42.4% | 40.6% | 41.2% | 1.8pp | 1.2pp |
| Net Margin | 14.4% | 14.4% | 14.6% | -0.1pp | -0.2pp |
| EPS (Diluted) | $0.80 | $0.72 | $0.80 | 11.1% | 0.0% |
| Free Cash Flow | $386M | $127M | $376M | 202.7% | 2.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $855M |
| GROSS PROFIT | $630M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $327M |
| Other Expenses | $4M |
| Operating Expenses | $331M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $41M |
| EBIT | $307M |
| EBITDA | $347M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $855M |
| GROSS PROFIT | $630M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $327M |
| Other Expenses | $4M |
| Operating Expenses | $331M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $280M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $213M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $213M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $213M |
| D&A | $41M |
| EBIT | $307M |
| EBITDA | $347M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $213M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $178M |
| OPERATING CASH FLOW | $452M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | -$317M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$76M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$407M |
| FREE CASH FLOW | $386M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $0 |
| Net Receivables | $503M |
| Inventory | $801M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $953M |
| Goodwill | $4.5B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $310M |
| Tax Assets | -$310M |
| Other Non-Current Assets | $507M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $847M |
| Short-Term Debt | $698M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $424M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $698M |
| Other Non-Current Liabilities | $428M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$500M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $13M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $4.3B |
| Net Debt | $4.2B |
