| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $474M | $464M | $573M | 2.3% | -17.3% |
| Op. Income | $64M | $23M | $151M | 176.6% | -57.8% |
| Gross Margin | 44.5% | 42.7% | 48.0% | 1.8pp | -3.5pp |
| Net Margin | 8.0% | 2.7% | 21.4% | 5.3pp | -13.5pp |
| EPS (Diluted) | $0.69 | $0.23 | $2.22 | 200.0% | -68.9% |
| Free Cash Flow | $64M | $15M | $97M | 339.6% | -34.3% |
| Item | Amount |
|---|---|
| REVENUE | $474M |
| Cost of Revenue | $263M |
| GROSS PROFIT | $211M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $22M |
| Operating Expenses | $147M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $64M |
| Interest Income | $1M |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $28M |
| EBIT | $65M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $474M |
| Cost of Revenue | $263M |
| GROSS PROFIT | $211M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $22M |
| Operating Expenses | $147M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $64M |
| Interest Income | $1M |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $28M |
| EBIT | $65M |
| EBITDA | $92M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$200.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $367M |
| Short-Term Investments | $93M |
| Net Receivables | $314M |
| Inventory | $479M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $299M |
| Goodwill | $1.1B |
| Intangible Assets | $599M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $88M |
| Short-Term Debt | $11M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $126M |
| TOTAL CURRENT LIABILITIES | $285M |
| Long-Term Debt | $927M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $76M |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $850M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.0B |
| Net Debt | $643M |
