| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $487M | $573M | $486M | -15.0% | 0.2% |
| Op. Income | $117M | $151M | $110M | -22.6% | 6.3% |
| Gross Margin | 47.6% | 48.0% | 46.9% | -0.4pp | 0.7pp |
| Net Margin | 19.1% | 21.4% | 15.6% | -2.3pp | 3.5pp |
| EPS (Diluted) | $1.70 | $2.22 | $1.38 | -23.4% | 23.2% |
| Free Cash Flow | $81M | $97M | $91M | -16.8% | -11.0% |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $255M |
| GROSS PROFIT | $232M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $12M |
| Operating Expenses | $115M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $117M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $20M |
| EBIT | $118M |
| EBITDA | $138M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $255M |
| GROSS PROFIT | $232M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $12M |
| Operating Expenses | $115M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $117M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $20M |
| EBIT | $118M |
| EBITDA | $138M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $96M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$65M |
| Sales/Maturities of Investments | $49M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$589.0K |
| NET CASH FROM FINANCING | -$93M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $400M |
| Short-Term Investments | $220M |
| Net Receivables | $318M |
| Inventory | $399M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $180M |
| Goodwill | $588M |
| Intangible Assets | $331M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $81M |
| Short-Term Debt | $6M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $343M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $87M |
| TOTAL NON-CURRENT LIABILITIES | $492M |
| TOTAL LIABILITIES | $754M |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $786M |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $83.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $349M |
| Net Debt | -$51M |
