| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $624M | $683M | $616M | -8.7% | 1.2% |
| Op. Income | $69M | $18M | $59M | 272.5% | 16.4% |
| Gross Margin | 76.5% | 76.3% | 76.3% | 0.2pp | 0.2pp |
| Net Margin | 6.9% | -2.6% | 5.8% | 9.5pp | 1.1pp |
| EPS (Diluted) | $0.77 | $-0.32 | $0.64 | 340.6% | 20.3% |
| Free Cash Flow | -$22M | $61M | -$14M | -136.1% | -59.5% |
| Item | Amount |
|---|---|
| REVENUE | $624M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $477M |
| R&D Expenses | $0 |
| Selling & Marketing | $250M |
| General & Administrative | $159M |
| SG&A Expenses | $408M |
| Other Expenses | -$3M |
| Operating Expenses | $408M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $23M |
| 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 | $20M |
| EBIT | $66M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $624M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $477M |
| R&D Expenses | $0 |
| Selling & Marketing | $250M |
| General & Administrative | $159M |
| SG&A Expenses | $408M |
| Other Expenses | -$3M |
| Operating Expenses | $408M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $23M |
| 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 | $20M |
| EBIT | $66M |
| EBITDA | $85M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | -$825.0K |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310M |
| Short-Term Investments | $8M |
| Net Receivables | $57M |
| Inventory | $304M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $748M |
| PP&E (Net) | $563M |
| Goodwill | $197M |
| Intangible Assets | $87M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $161M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $52M |
| Short-Term Debt | $45M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$39M |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $356M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $542M |
| TOTAL LIABILITIES | $944M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $553M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $811M |
| Minority Interest | $0 |
| TOTAL EQUITY | $811M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $521M |
| Net Debt | $211M |
