| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $345M | $357M | $371M | -3.2% | -7.0% |
| Op. Income | $25M | $20M | $29M | 20.0% | -14.8% |
| Gross Margin | 24.8% | 22.6% | 23.6% | 2.1pp | 1.2pp |
| Net Margin | 5.2% | 4.3% | 4.6% | 0.9pp | 0.6pp |
| EPS (Diluted) | $0.67 | $0.56 | $0.62 | 19.6% | 8.1% |
| Free Cash Flow | $27M | -$51M | $15M | 153.5% | 78.3% |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $260M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $3M |
| Operating Expenses | $61M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $484.0K |
| Other Income/Expenses | $322.0K |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $4M |
| EBIT | $25M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $260M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $3M |
| Operating Expenses | $61M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $484.0K |
| Other Income/Expenses | $322.0K |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $4M |
| EBIT | $25M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$45.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$305.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $419M |
| Inventory | $57M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $578M |
| PP&E (Net) | $19M |
| Goodwill | $76M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $197M |
| TOTAL ASSETS | $775M |
| Account Payables | $93M |
| Short-Term Debt | $173M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $376M |
| Common Stock | $143.0K |
| Additional Paid-In Capital | $134M |
| Retained Earnings | $311M |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$268.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $399M |
| Minority Interest | $0 |
| TOTAL EQUITY | $399M |
| TOTAL LIABILITIES & EQUITY | $775M |
| Total Debt | $186M |
| Net Debt | $110M |
