| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $776M | $681M | $693M | 13.9% | 12.0% |
| Op. Income | $55M | $64M | -$19M | -13.8% | 387.4% |
| Gross Margin | 37.9% | 39.2% | 34.2% | -1.2pp | 3.8pp |
| Net Margin | 5.1% | 9.0% | -4.3% | -3.9pp | 9.4pp |
| EPS (Diluted) | $0.33 | $0.50 | $-0.24 | -34.0% | 237.5% |
| Free Cash Flow | $207M | $152M | $32M | 36.0% | 552.5% |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $481M |
| GROSS PROFIT | $294M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $31M |
| Operating Expenses | $239M |
| Cost & Expenses | $720M |
| OPERATING INCOME | $55M |
| Interest Income | $3M |
| Interest Expense | $12M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $122M |
| EBIT | $57M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $481M |
| GROSS PROFIT | $294M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $31M |
| Operating Expenses | $239M |
| Cost & Expenses | $720M |
| OPERATING INCOME | $55M |
| Interest Income | $3M |
| Interest Expense | $12M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $122M |
| EBIT | $57M |
| EBITDA | $179M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $257M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$292M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$342M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $207M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $630M |
| Short-Term Investments | $0 |
| Net Receivables | $343M |
| Inventory | $518M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.3B |
| Intangible Assets | $508M |
| Long-Term Investments | $98M |
| Tax Assets | $0 |
| Other Non-Current Assets | $153M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $225M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $452M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$282M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.0B |
| Net Debt | $391M |
