| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $767M | $810M | $894M | -5.4% | -14.2% |
| Op. Income | $160M | $238M | $306M | -32.8% | -47.9% |
| Gross Margin | 40.7% | 49.4% | 50.5% | -8.6pp | -9.8pp |
| Net Margin | 18.8% | 26.4% | 32.0% | -7.6pp | -13.2pp |
| EPS (Diluted) | $0.83 | $1.23 | $1.57 | -32.5% | -47.1% |
| Free Cash Flow | $122M | $83M | $64M | 47.3% | 90.1% |
| Item | Amount |
|---|---|
| REVENUE | $767M |
| Cost of Revenue | $455M |
| GROSS PROFIT | $313M |
| R&D Expenses | $101M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $6M |
| Operating Expenses | $153M |
| Cost & Expenses | $607M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $94M |
| EBIT | $160M |
| EBITDA | $253M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $767M |
| Cost of Revenue | $455M |
| GROSS PROFIT | $313M |
| R&D Expenses | $101M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $6M |
| Operating Expenses | $153M |
| Cost & Expenses | $607M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $162M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $94M |
| EBIT | $160M |
| EBITDA | $253M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $209M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$139M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$86M |
| Common Dividends Paid | -$66M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$144M |
| FREE CASH FLOW | $122M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $743M |
| Short-Term Investments | $192M |
| Net Receivables | $558M |
| Inventory | $581M |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.2B |
| Intangible Assets | $114M |
| Long-Term Investments | $35M |
| Tax Assets | $34M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $219M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $397M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $316M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $346M |
| TOTAL LIABILITIES | $742M |
| Common Stock | $43M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $0 |
| Net Debt | -$743M |
