| Metric | Q2 2018 | Q1 2018 | Q2 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | -2.3% | -1.6% |
| Op. Income | $59M | $63M | $70M | -6.3% | -15.7% |
| Gross Margin | 9.2% | 8.7% | 10.0% | 0.5pp | -0.8pp |
| Net Margin | 3.3% | 4.4% | 3.4% | -1.1pp | -0.0pp |
| EPS (Diluted) | $0.80 | $1.08 | $0.81 | -25.9% | -1.2% |
| Free Cash Flow | -$38M | $84M | $19M | -145.2% | -300.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $979M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $12M |
| EBIT | $59M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $979M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $12M |
| EBIT | $59M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $639M |
| Inventory | $113M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $892M |
| PP&E (Net) | $57M |
| Goodwill | $863M |
| Intangible Assets | $189M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $420M |
| Short-Term Debt | $58M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $634M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | -$13M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4M |
| Retained Earnings | $322M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $325M |
| Minority Interest | $0 |
| TOTAL EQUITY | $325M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.1B |
| Net Debt | $924M |
