| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $334M | $426M | $394M | -21.5% | -15.2% |
| Op. Income | -$4M | $25M | -$12M | -115.2% | 69.1% |
| Gross Margin | 34.7% | 35.2% | 31.2% | -0.5pp | 3.5pp |
| Net Margin | 2.0% | 3.0% | -3.5% | -1.0pp | 5.5pp |
| EPS (Diluted) | $0.19 | $0.36 | $-0.40 | -47.2% | 147.5% |
| Free Cash Flow | $41M | $55M | $26M | -25.1% | 57.5% |
| Item | Amount |
|---|---|
| REVENUE | $334M |
| Cost of Revenue | $218M |
| GROSS PROFIT | $116M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $3M |
| Operating Expenses | $120M |
| Cost & Expenses | $338M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$500.0K |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $26M |
| EBIT | -$4M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $0 |
| Net Receivables | $267M |
| Inventory | $153M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $767M |
| PP&E (Net) | $105M |
| Goodwill | $373M |
| Intangible Assets | $163M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $702M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $118M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $240M |
| Long-Term Debt | $464M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $502M |
| TOTAL LIABILITIES | $742M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $630M |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $727M |
| Minority Interest | $0 |
| TOTAL EQUITY | $727M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $464M |
| Net Debt | $140M |
