| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $681M | $832M | $665M | -18.2% | 2.3% |
| Op. Income | $64M | $81M | -$32M | -21.1% | 301.6% |
| Gross Margin | 39.2% | 40.7% | 38.0% | -1.5pp | 1.2pp |
| Net Margin | 9.0% | 8.4% | -1.9% | 0.7pp | 10.9pp |
| EPS (Diluted) | $0.50 | $0.55 | $-0.10 | -9.1% | 606.1% |
| Free Cash Flow | $152M | $261M | $227M | -41.8% | -33.0% |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $414M |
| GROSS PROFIT | $267M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | -$3M |
| Operating Expenses | $203M |
| Cost & Expenses | $617M |
| OPERATING INCOME | $64M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $121M |
| EBIT | $61M |
| EBITDA | $181M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $414M |
| GROSS PROFIT | $267M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | -$3M |
| Operating Expenses | $203M |
| Cost & Expenses | $617M |
| OPERATING INCOME | $64M |
| Interest Income | $3M |
| Interest Expense | $10M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $121M |
| EBIT | $61M |
| EBITDA | $181M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $201M |
| Common Stock Repurchased | -$299M |
| Common Dividends Paid | -$274M |
| Other Financing Activities | $272M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $711M |
| Short-Term Investments | $0 |
| Net Receivables | $400M |
| Inventory | $512M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $408M |
| Long-Term Investments | $98M |
| Tax Assets | $0 |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $233M |
| Short-Term Debt | $80.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $436M |
| Long-Term Debt | $921M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $333.0K |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$321M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $921M |
| Net Debt | $210M |
