| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $846M | $822M | $826M | 2.9% | 2.3% |
| Op. Income | $80M | $50M | $61M | 62.1% | 30.9% |
| Gross Margin | 39.8% | 39.1% | 37.6% | 0.8pp | 2.2pp |
| Net Margin | -3.9% | 4.4% | -9.5% | -8.3pp | 5.6pp |
| EPS (Diluted) | $-0.26 | $0.27 | $-0.62 | -196.3% | 58.1% |
| Free Cash Flow | $225M | $152M | $84M | 47.7% | 168.0% |
| Item | Amount |
|---|---|
| REVENUE | $846M |
| Cost of Revenue | $509M |
| GROSS PROFIT | $337M |
| R&D Expenses | $106M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $127M |
| Other Expenses | $1M |
| Operating Expenses | $257M |
| Cost & Expenses | $765M |
| OPERATING INCOME | $80M |
| Interest Income | $2M |
| Interest Expense | $16M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $47M |
| EBIT | $82M |
| EBITDA | $264M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $146M |
| Change in Working Capital | $116M |
| OPERATING CASH FLOW | $270M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | $225M |
| Net Change in Cash | $266M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $841M |
| Short-Term Investments | $0 |
| Net Receivables | $493M |
| Inventory | $423M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $994M |
| Long-Term Investments | $63M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $192M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $385M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $173M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $5.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$446M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $1.1B |
| Net Debt | $247M |
