| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $693M | $665M | $641M | 4.1% | 8.1% |
| Op. Income | -$19M | -$32M | -$28M | 39.5% | 31.0% |
| Gross Margin | 34.2% | 38.0% | 36.9% | -3.8pp | -2.7pp |
| Net Margin | -4.3% | -1.9% | -4.8% | -2.5pp | 0.4pp |
| EPS (Diluted) | $-0.24 | $-0.10 | $-0.24 | -142.9% | 0.0% |
| Free Cash Flow | $32M | $227M | -$21M | -86.0% | 252.4% |
| Item | Amount |
|---|---|
| REVENUE | $693M |
| Cost of Revenue | $456M |
| GROSS PROFIT | $237M |
| R&D Expenses | $111M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $136M |
| Other Expenses | -$29M |
| Operating Expenses | $256M |
| Cost & Expenses | $712M |
| OPERATING INCOME | -$19M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$32M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $43M |
| EBIT | -$48M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $164M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$133M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | -$458M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$555M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$592M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $58M |
| Net Receivables | $415M |
| Inventory | $502M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $729M |
| Long-Term Investments | $80M |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $219M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $403M |
| Long-Term Debt | $558M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $701M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$484M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $558M |
| Net Debt | $224M |
