| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $478M | $468M | $544M | 2.1% | -12.1% |
| Op. Income | $10M | -$5M | $10M | 300.0% | 0.0% |
| Gross Margin | 49.4% | 47.9% | 46.0% | 1.5pp | 3.4pp |
| Net Margin | -0.2% | -2.1% | 0.7% | 1.9pp | -0.9pp |
| EPS (Diluted) | $-0.01 | $-0.09 | $0.03 | 89.8% | -129.0% |
| Free Cash Flow | $42M | $33M | $72M | 27.3% | -41.7% |
| Item | Amount |
|---|---|
| REVENUE | $478M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $236M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $145M |
| SG&A Expenses | $145M |
| Other Expenses | $0 |
| Operating Expenses | $226M |
| Cost & Expenses | $468M |
| OPERATING INCOME | $10M |
| Interest Income | $6M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $40M |
| EBIT | $12M |
| EBITDA | $52M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$119M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $635M |
| Short-Term Investments | $0 |
| Net Receivables | $377M |
| Inventory | $35M |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $375M |
| Goodwill | $396M |
| Intangible Assets | $61M |
| Long-Term Investments | $0 |
| Tax Assets | $70M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $994M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $102M |
| Short-Term Debt | $25M |
| Deferred Revenue | $498M |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $865M |
| Long-Term Debt | $466M |
| Deferred Revenue NC | $82M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $241M |
| TOTAL NON-CURRENT LIABILITIES | $891M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $367M |
| Minority Interest | $0 |
| TOTAL EQUITY | $367M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $641M |
| Net Debt | $6M |
