| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $459M | $478M | $526M | -4.0% | -12.7% |
| Op. Income | $10M | $10M | $14M | 0.0% | -28.6% |
| Gross Margin | 53.8% | 49.4% | 50.2% | 4.4pp | 3.6pp |
| Net Margin | 2.2% | -0.2% | 3.4% | 2.4pp | -1.2pp |
| EPS (Diluted) | $0.09 | $-0.01 | $0.15 | 1134.5% | -40.0% |
| Free Cash Flow | -$27M | $42M | -$68M | -164.3% | 60.3% |
| Item | Amount |
|---|---|
| REVENUE | $459M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $247M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $151M |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $237M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $10M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $36M |
| EBIT | $12M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $459M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $247M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $151M |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $237M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $10M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $36M |
| EBIT | $12M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $528M |
| Short-Term Investments | $0 |
| Net Receivables | $328M |
| Inventory | $36M |
| Other Current Assets | $86M |
| TOTAL CURRENT ASSETS | $978M |
| PP&E (Net) | $386M |
| Goodwill | $394M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $67M |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $103M |
| Short-Term Debt | $25M |
| Deferred Revenue | $408M |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $772M |
| Long-Term Debt | $460M |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $240M |
| TOTAL NON-CURRENT LIABILITIES | $879M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $328M |
| Minority Interest | $0 |
| TOTAL EQUITY | $328M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $653M |
| Net Debt | $125M |
