| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $500M | $462M | $461M | 8.0% | 8.5% |
| Op. Income | $66M | $67M | $94M | -1.1% | -29.8% |
| Gross Margin | 43.3% | 44.3% | 45.6% | -1.0pp | -2.3pp |
| Net Margin | 8.6% | 10.2% | 15.6% | -1.7pp | -7.0pp |
| EPS (Diluted) | $0.77 | $0.86 | $1.32 | -10.5% | -41.7% |
| Free Cash Flow | $58M | $44M | $109M | 31.6% | -46.9% |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $216M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $26M |
| Operating Expenses | $150M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $66M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $30M |
| EBIT | $64M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $500M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $216M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $26M |
| Operating Expenses | $150M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $66M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $30M |
| EBIT | $64M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $865.0K |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $718.0K |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $415M |
| Short-Term Investments | $109M |
| Net Receivables | $341M |
| Inventory | $462M |
| Other Current Assets | $106M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $306M |
| Goodwill | $1.1B |
| Intangible Assets | $565M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $88M |
| Short-Term Debt | $12M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $160M |
| TOTAL CURRENT LIABILITIES | $318M |
| Long-Term Debt | $872M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $72M |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $864M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $949M |
| Net Debt | $535M |
