| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $665M | $846M | $643M | -21.3% | 3.5% |
| Op. Income | -$32M | $80M | -$24M | -139.6% | -29.9% |
| Gross Margin | 38.0% | 39.8% | 36.0% | -1.9pp | 2.0pp |
| Net Margin | -1.9% | -3.9% | 8.7% | 2.0pp | -10.6pp |
| EPS (Diluted) | $-0.10 | $-0.26 | $0.43 | 62.0% | -123.0% |
| Free Cash Flow | $227M | $225M | $81M | 1.0% | 178.9% |
| Item | Amount |
|---|---|
| REVENUE | $665M |
| Cost of Revenue | $413M |
| GROSS PROFIT | $253M |
| R&D Expenses | $111M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $123M |
| Other Expenses | $4M |
| Operating Expenses | $284M |
| Cost & Expenses | $697M |
| OPERATING INCOME | -$32M |
| Interest Income | $3M |
| Interest Expense | $16M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | -$31M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $581M |
| EBIT | -$28M |
| EBITDA | $554M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $581M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$370M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$108M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$378.0K |
| NET CASH FROM FINANCING | -$144M |
| FREE CASH FLOW | $227M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $926M |
| Short-Term Investments | $0 |
| Net Receivables | $391M |
| Inventory | $472M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $860M |
| Long-Term Investments | $64M |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $213M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $441M |
| Long-Term Debt | $983M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $5.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$459M |
| 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 | $6.4B |
| Total Debt | $983M |
| Net Debt | $57M |
