| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $588M | $526M | $626M | 11.8% | -6.1% |
| Op. Income | $23M | $14M | $59M | 64.3% | -61.0% |
| Gross Margin | 49.1% | 50.2% | 48.9% | -1.0pp | 0.3pp |
| Net Margin | 2.6% | 3.4% | -11.8% | -0.9pp | 14.4pp |
| EPS (Diluted) | $0.13 | $0.15 | $-0.61 | -13.3% | 121.3% |
| Free Cash Flow | $44M | -$68M | $2M | 164.7% | 2100.0% |
| Item | Amount |
|---|---|
| REVENUE | $588M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $289M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $266M |
| Cost & Expenses | $565M |
| OPERATING INCOME | $23M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $35M |
| EBIT | $25M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $588M |
| Cost of Revenue | $299M |
| GROSS PROFIT | $289M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $266M |
| Cost & Expenses | $565M |
| OPERATING INCOME | $23M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $35M |
| EBIT | $25M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$94M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$90M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $715M |
| Short-Term Investments | $0 |
| Net Receivables | $588M |
| Inventory | $28M |
| Other Current Assets | $97M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $295M |
| Goodwill | $395M |
| Intangible Assets | $88M |
| Long-Term Investments | $0 |
| Tax Assets | $67M |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $932M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $141M |
| Short-Term Debt | $19M |
| Deferred Revenue | $490M |
| Other Current Liabilities | $108M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $478M |
| Deferred Revenue NC | $105M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $240M |
| TOTAL NON-CURRENT LIABILITIES | $856M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$823M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $495M |
| Minority Interest | $0 |
| TOTAL EQUITY | $495M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $544M |
| Net Debt | -$171M |
