| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $436M | $570M | $437M | -23.4% | -0.1% |
| Op. Income | $24M | $52M | $48M | -53.6% | -49.7% |
| Gross Margin | 32.7% | 33.4% | 35.5% | -0.6pp | -2.7pp |
| Net Margin | 7.2% | -1.7% | 8.3% | 9.0pp | -1.1pp |
| EPS (Diluted) | $1.78 | $-0.57 | $1.97 | 412.3% | -9.6% |
| Free Cash Flow | -$24M | $64M | $16M | -137.4% | -249.6% |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $294M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $118M |
| Cost & Expenses | $412M |
| OPERATING INCOME | $24M |
| Interest Income | $366.0K |
| Interest Expense | $663.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $17M |
| EBIT | $23M |
| EBITDA | $41M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $294M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $118M |
| Cost & Expenses | $412M |
| OPERATING INCOME | $24M |
| Interest Income | $366.0K |
| Interest Expense | $663.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $17M |
| EBIT | $23M |
| EBITDA | $41M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$333.0K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$162M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$145M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $335M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $526M |
| PP&E (Net) | $261M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $285M |
| TOTAL ASSETS | $811M |
| Account Payables | $219M |
| Short-Term Debt | $47M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $365M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $468M |
| Common Stock | $2M |
| Additional Paid-In Capital | $243M |
| Retained Earnings | $213M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343M |
| Minority Interest | $0 |
| TOTAL EQUITY | $343M |
| TOTAL LIABILITIES & EQUITY | $811M |
| Total Debt | $47M |
| Net Debt | -$43M |
