| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $526M | $544M | $526M | -3.3% | 0.0% |
| Op. Income | $14M | $10M | $7M | 40.0% | 100.0% |
| Gross Margin | 50.2% | 46.0% | 47.5% | 4.2pp | 2.7pp |
| Net Margin | 3.4% | 0.7% | 2.5% | 2.7pp | 1.0pp |
| EPS (Diluted) | $0.15 | $0.03 | $0.10 | 400.0% | 50.0% |
| Free Cash Flow | -$68M | $72M | -$40M | -194.4% | -70.0% |
| Item | Amount |
|---|---|
| REVENUE | $526M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $264M |
| R&D Expenses | $84M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $512M |
| OPERATING INCOME | $14M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $31M |
| EBIT | $14M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $526M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $264M |
| R&D Expenses | $84M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $250M |
| Cost & Expenses | $512M |
| OPERATING INCOME | $14M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $31M |
| EBIT | $14M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | -$115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $768M |
| Short-Term Investments | $0 |
| Net Receivables | $372M |
| Inventory | $45M |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $226M |
| Goodwill | $396M |
| Intangible Assets | $101M |
| Long-Term Investments | $1M |
| Tax Assets | $54M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $852M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $95M |
| Short-Term Debt | $13M |
| Deferred Revenue | $384M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $725M |
| Long-Term Debt | $484M |
| Deferred Revenue NC | $102M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $261M |
| TOTAL NON-CURRENT LIABILITIES | $851M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$745M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$93M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $560M |
| Minority Interest | $0 |
| TOTAL EQUITY | $560M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $497M |
| Net Debt | -$271M |
