| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $1.5B | 13.7% | 0.6% |
| Op. Income | $295M | $230M | $267M | 28.3% | 10.5% |
| Gross Margin | 45.5% | 39.6% | 44.8% | 5.8pp | 0.6pp |
| Net Margin | 14.3% | 13.2% | 11.8% | 1.1pp | 2.5pp |
| EPS (Diluted) | $0.80 | $0.65 | $0.66 | 23.1% | 21.2% |
| Free Cash Flow | $376M | $101M | $438M | 270.5% | -14.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $818M |
| GROSS PROFIT | $682M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $384M |
| Other Expenses | $3M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $270M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $214M |
| D&A | $39M |
| EBIT | $303M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $818M |
| GROSS PROFIT | $682M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $384M |
| Other Expenses | $3M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $270M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $214M |
| D&A | $39M |
| EBIT | $303M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $214M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $145M |
| OPERATING CASH FLOW | $432M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$290M |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | -$69M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$358M |
| FREE CASH FLOW | $376M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $518M |
| Inventory | $786M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $942M |
| Goodwill | $4.5B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $288M |
| Tax Assets | $0 |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $710M |
| Short-Term Debt | $644M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $707M |
| Other Non-Current Liabilities | $313M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$360M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $11M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $4.7B |
| Net Debt | $4.6B |
