| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $995M | $1.0B | $1.1B | -1.8% | -7.7% |
| Op. Income | $186M | $232M | $246M | -20.1% | -24.4% |
| Gross Margin | 34.9% | 40.4% | 38.5% | -5.4pp | -3.6pp |
| Net Margin | 8.3% | 14.7% | 14.1% | -6.4pp | -5.8pp |
| EPS (Diluted) | $1.47 | $2.59 | $2.53 | -43.2% | -41.9% |
| Free Cash Flow | $472M | -$286M | $571M | 265.0% | -17.4% |
| Item | Amount |
|---|---|
| REVENUE | $995M |
| Cost of Revenue | $647M |
| GROSS PROFIT | $348M |
| R&D Expenses | $11M |
| Selling & Marketing | $34M |
| General & Administrative | $93M |
| SG&A Expenses | $126M |
| Other Expenses | $5M |
| Operating Expenses | $145M |
| Cost & Expenses | $792M |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | -$43M |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $21M |
| EBIT | $189M |
| EBITDA | $211M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $995M |
| Cost of Revenue | $647M |
| GROSS PROFIT | $348M |
| R&D Expenses | $11M |
| Selling & Marketing | $34M |
| General & Administrative | $93M |
| SG&A Expenses | $126M |
| Other Expenses | $5M |
| Operating Expenses | $145M |
| Cost & Expenses | $792M |
| OPERATING INCOME | $186M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | -$43M |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $21M |
| EBIT | $189M |
| EBITDA | $211M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $342M |
| OPERATING CASH FLOW | $479M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$349M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$342M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | -$57M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$137M |
| FREE CASH FLOW | $472M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $705M |
| Inventory | $501M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $518M |
| Goodwill | $621M |
| Intangible Assets | $880M |
| Long-Term Investments | $34M |
| Tax Assets | $0 |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $196M |
| Short-Term Debt | $315M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $315M |
| TOTAL CURRENT LIABILITIES | $825M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $232M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $411M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | -$928M |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $531M |
| Minority Interest | $5M |
| TOTAL EQUITY | $536M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $2.3B |
| Net Debt | $2.3B |
