| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $854M | $743M | $982M | 14.9% | -13.0% |
| Op. Income | $30M | $13M | $42M | 134.4% | -27.4% |
| Gross Margin | 15.5% | 15.1% | 13.5% | 0.3pp | 2.0pp |
| Net Margin | 2.8% | 1.4% | 2.7% | 1.3pp | 0.1pp |
| EPS (Diluted) | $0.05 | $0.02 | $0.05 | 118.6% | -8.7% |
| Free Cash Flow | $73M | $93M | $57M | -21.8% | 28.2% |
| Item | Amount |
|---|---|
| REVENUE | $854M |
| Cost of Revenue | $722M |
| GROSS PROFIT | $132M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $824M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $6M |
| EBIT | $28M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $854M |
| Cost of Revenue | $722M |
| GROSS PROFIT | $132M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $824M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $6M |
| EBIT | $28M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $82M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$978.0K |
| NET CASH FROM FINANCING | $115.0K |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $0 |
| Net Receivables | $477M |
| Inventory | $670M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $41M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $261M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $360M |
| Short-Term Debt | $24M |
| Deferred Revenue | $131M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $606M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $741M |
| Common Stock | $350M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $612M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$80.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $941M |
| Minority Interest | $161.0K |
| TOTAL EQUITY | $941M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $24M |
| Net Debt | -$225M |
