| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -1.0% | 3.8% |
| Op. Income | $133M | $163M | $154M | -18.2% | -13.4% |
| Gross Margin | 41.4% | 41.6% | 41.8% | -0.2pp | -0.4pp |
| Net Margin | 7.3% | 7.5% | 7.7% | -0.2pp | -0.3pp |
| EPS (Diluted) | $0.98 | $1.01 | $0.95 | -3.0% | 3.2% |
| Free Cash Flow | $66M | $175M | $108M | -62.0% | -38.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $901M |
| GROSS PROFIT | $637M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $504M |
| Other Expenses | $0 |
| Operating Expenses | $504M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $133M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $16M |
| EBIT | $133M |
| EBITDA | $149M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $901M |
| GROSS PROFIT | $637M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $504M |
| Other Expenses | $0 |
| Operating Expenses | $504M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $133M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $16M |
| EBIT | $133M |
| EBITDA | $149M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $212.0K |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | -$52.0K |
| Common Stock Repurchased | -$63M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $0 |
| Net Receivables | $833M |
| Inventory | $0 |
| Other Current Assets | $441M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $369M |
| Goodwill | $210M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $101M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $683M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $111M |
| Short-Term Debt | $72M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $941M |
| Long-Term Debt | $202M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$177M |
| TOTAL NON-CURRENT LIABILITIES | $227M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $115.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $36M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $476M |
| Net Debt | $205M |
